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| The Securitization Markets Handbook: Structures and Dynamics of Mortgage- and Asset-Backed Securities | 
 enlarge | Authors: Charles Austin Stone, Anne Zissu
Publisher: Bloomberg Press
Category: Book
List Price: $75.00
Buy New: $38.00
You Save: $37.00 (49%)
Buy New/Used from $37.44
Avg. Customer Rating:  (4 reviews)
Sales Rank: 636283
Languages: English (Original Language), English (Unknown), English (Published)
Media: Hardcover
Number Of Items: 1
Pages: 352
Shipping Weight (lbs): 1.6
Dimensions (in): 9.1 x 6.3 x 1.1
ISBN: 1576601382
Dewey Decimal Number: 332.6323
EAN: 9781576601389
ASIN: 1576601382
Publication Date: January 12, 2005
Availability: Usually ships in 1-2 business days
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| Editorial Reviews:
Product Description
Securitization is a corporate funding technique that is widely adopted by financial and industrial companies throughout the world, used to finance both working capital and capital budgets. Importantly, it is also used as a risk management tool and a source of liquidity. Securitization has been adapted to fund corporate acquisitions, capitalize future streams of revenue, and to liquidate pools of nonperforming loans. In this book securitization experts Charles Stone and Anne Zissu provide a practical explanation of how securitization works and explain how future cash flows from various asset classes--from credit card receipts and mortgage payments to movie royalties--can be packaged into bond-like products and sold to investors. The discussion includes descriptions of all major classes of asset-backed securities and offers a practice-oriented commentary on trends in securitization and the value of asset- and mortgage-backed securities across industries and throughout the global markets.
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| Customer Reviews:
 Good Beginning November 25, 2007
This book is a great introduction to the field, and also appears to be a great handbook for someone in the trenches. For most practicing attorneys though, the book's use is limited to understanding the dynamics and basic operation of the practice. A more focused work is recommended for legal professionals.
 Not as helpful as it looks March 14, 2006
2 out of 5 found this review helpful
The information provided by this book is limited. It touches several variations of ABS using case studies and market introduction but has done nothing but repeat the securitization process and entities involving the process. It's ok as an intoduction book but far from a good "handbook". I would not recommend it for any quants or traders as it tells not much about how to model and hedge ABS's.
 Understanding Asset-backed Securities January 9, 2006
8 out of 9 found this review helpful
Authors Charles Austin Stone and Anne Zissu's treatise on asset-backed securities is part handbook and part textbook, including technical charts, graphs and formulas. Both finance professors and Ph.D.'s, the authors are the founding editors of two financial quarterlies, `The Financier' and `The Securitization Conduit'. As you might expect from authors with their expertise, this book thoroughly covers the structure, dynamics and characteristics of various asset-backed securities. You might pick up the book to learn about the precise details of these instruments, or to refresh your memory for the fine points. It carefully explains how institutions package bond-type products for investors based on funding from different assets, such as mortgages or credit card payments. The authors fulfill every reader's wish for comprehensiveness, although they place a good deal less emphasis on style and readability. Even specialists will find this a challenging read, though it is an information-packed reference book. We believe it is useful and appropriate for professionals who need to know the technical details of particular market structures.
 Excellent reference book for beginners and pros October 20, 2005
21 out of 21 found this review helpful
There are not a lot of books out there on this topic and this one is great for what it attempts to do. It is not an end all be all type book that covers everything, but is a very good place to start. It touches the main points of history, motivation, products, structures, legal, accounting, credit enhancement, cash flow analysis, valuation and investment. Do not missunderstand me, even though it is somewhat general, this is a techinical book.
It lays out the basic mechanisms for monetizing a selected type of assets using flow diagrams, excerpts from prospectuses, accounting standards and cases studies. This method should satisfy practitioners from many fields as it hits on so many high level specifics.
This is my area of expertise and although I learned most of this on the fly, I still learned a few things from this book. I wished books like this were around when I got my start. The Fabozzi books, while great for academia, do not offer much to the non-PhD who works rather than teaches for a living. This book gives you something you use.
If you are an accountant, lawyer, structurer, collateral analyst, issuer, risk modeler, prepayment analyst, credit enhancer, bond analyst, portfolio manager or investor in or considering getting in to this area or just want to learn more about it, pick up this book.
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