Introduction to Mortgage Backed Securities

Congratulations! Welcome to this course.

This course will introduce you to a variety of the more commonly-encountered types of mortgage-backed securities (MBS), pass-through securities, and collateralized mortgage obligations (CMOs), as well as a lot of the concepts used to assess the attractiveness of mortgage-backed securities and a lot of the details to help understand mortgage-backed securities and how they work.

This course contains 21 lectures among 4 sections:

• Introduction to Mortgages and Mortgage Backed Securities
• Pass Through Securities
• Analysis of Pass Through Securities
• Collateralized Mortgage Obligations

Learning Objectives (At the end of this course, you will be able to...):

• Explain what mortgage backed securities (MBS) are and how they are structured
• Discuss the pricing and trading of MBS
• Describe what are pass-through securities, their risks, and how prices & yields are calculated for these instruments
• Understand collateralized mortgage obligations (CMOs), their purpose and use, and how the market functions for these products

Target Audience

• Analysts and associates in commercial, corporate and investment banking.

Best wishes to you for a successful program.