... Much other space in the book explains how the cash flow can be divided into tranches. Different ones based on differing yields and risk.Rivitting!
A cynical reader might surmise that the implementation of ideas like those in the book have contributed to the recent turmoil in the mortgage industry. Aiding and abetting.
Friday, September 7, 2007
Boudville The Financial Engineer
More financial advice from W.Boudville! His insightful review of the book Mortgage-Backed Securities: Products, Structuring, and Analytical Techniques (Frank J. Fabozzi Series) is now available for your edification and viewing pleasure.
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