Mortgages and Mortgage-backed Securities (FRM Part 1 – Book 3 – Chapter 21)

Mortgages and Mortgage-backed Securities (FRM Part 1 – Book 3 – Chapter 21). Federal National Mortgage Association - FNMA Stock Chart Technical Analysis for 09-09-2019

Mortgages and Mortgage-backed Securities (FRM Part 1 – Book 3 – Chapter 21) video duration 31 Minute(s) 40 Second(s), published by AnalystPrep on 05 09 2019 - 17:29:15.

AnalystPrep's FRM Part 1 Video Series For FRM Part 1 Study Notes, Practice Questions, and Mock Exams Register an Account at https://analystprep.com/frm/ MCT ( http://mct-trading.com ) offers a variety of services to help you smoothly make the transition from best efforts to mandatory loan sales
Our services and .

MCTlive! by Mortgage Capital Trading ( http://mct-trading.com/ ) was designed to put the capital markets function we provide in the hands of our customers, Clawing their way back from a devastating month, mortgage backed securities are showing some resilience
Be cautious though
We're still trading in a Federal National Mortgage Association - FNMA Stock Chart Technical Analysis for 09-09-2019 Register for the Webinar: .

AnalystPrep's FRM Part 1 Video Series
For FRM Part 1 Study Notes, Practice Questions, and Mock Exams Register an Account at https://analystprep.com/frm/
*AnalystPrep is an Official GARP-Approved Exam Preparation Provider*

The written summary can be found here:
https://analystprep.com/study-notes/f.

After completing this reading, you should be able to:

- Describe the various types of residential mortgage products.
- Calculate a fixed rate mortgage payment, and its principal and interest components.
- Describe the mortgage prepayment option and the factors that influence prepayments.
- Summarize the securitization process of mortgage-backed securities (MBS), particularly the formation of mortgage pools including specific pools and TBAs.
- Calculate weighted average coupon, weighted average maturity, and conditional prepayment rate (CPR) for a mortgage pool.
- Describe a dollar roll transaction and how to value a dollar roll.
- Explain prepayment modeling and its four components: refinancing, turnover, defaults, and curtailments.
- Describe the steps in valuing an MBS using Monte Carlo simulation.
- Define Option-Adjusted Spread (OAS), and explain its challenges and its uses.