Salomon Smith Barney Guide to Mortgage-Backed and Asset-Backed Securities

Lakhbir Hayre

Rating: 5.0/5 Stars
Rank: 64771

Mortgage-backed and asset-backed securities are fixed-income securities, like bonds, which derive their return from an underlying mortgage or basket of mortgages, or an asset or basket of assets.

This market has increased from about $100 billion in 1980 to over $2.5 trillion today. Filling the void for a new book on fixed-income, Salomon Smith Barney Guide to Mortgage-Backed and Asset-Backed Securities provides a coherent and comprehensive approach to the subject.

Featuring material used by the company, this book is an ideal training tool and resource for investment professionals, institutional investors, pension fund investors, and hedge-fund investors.
Lakhbir Hayre (New York, NY) is a mortgage officer at Salomon Smith Barney, and their leading expert on mortgage-backed and asset-backed securities.

He is a Certified Financial Analyst and a Doctor of Philosophy.

About the Author

Lakhbir Hayre is a Managing Director at Salomon Smith Barney, whose responsibilities include global mortgage- and asset-backed research.

He is a recognized expert on the market, has published numerous articles on the topic, and is a former Chairman of the Mortgage Research Committee of the Bond Market Association.

He has a doctorate in mathematical statistics from Oxford University, and was a Professor of Statistics at the Wharton School, University of Pennsylvania, before coming to Wall Street in the mid-1980s.

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Editorials(5) | Customer Reviews(3)

Editorials

Sample 3 of 5

Salomon Smith Barney Guide to Mortgage-Backed and Asset-Backed Securities
Lakhbir Hayre


	Book Description
	Mortgage-backed and asset-backed securities are fixed-income securities, like bonds, which derive their return from an underlying mortgage or basket of mortgages, or an asset or basket of assets. This market has increased... read full editorial

	From the Inside Flap
	Mortgage-backed securities (MBSs) and asset-backed securities (ABSs) are the largest sector of today's bond market, with billions of dollars of securities traded every day. They constitute a core holding of almost all U.S... read full editorial

	Back Cover Copy
	The Industry’s Most Comprehensive Treatment of the Modern MBS/ABS Marketplace–From the Pioneers Who Helped Create the Market "Lakhbir Hayre’s work ranks in the top echelon of fixed income research... read full editorial

All Editorials(5) | Product Info | Product Listings

Customer Reviews

Sample 3 of 3

Salomon Smith Barney Guide to Mortgage-Backed and Asset-Backed Securities
Lakhbir Hayre


	Highly Recommended!
	(Luzern Switzerland) January 29, 2002 - 5.0/5 stars
	Lakhbir Hayre has created a comprehensive and authoritative reference guide for the asset-backed and mortgage-backed securities markets. In compiling this book, Hayre drew on the expertise of ABS and MBS specialists... read full review

	Clearly the best!
	(San Pedro, CA United States) January 9, 2003 - 5.0/5 stars
	A clear and detailed book, written by the No. 1 expert in MBS from, Salomon Smith Barney, the best MBS underwriting and trading firm on Wall Street. A must for all people working with MBS.

	Hayre is lucid and informative! The Best Prepayment book
	(New York) October 13, 2003 - 5.0/5 stars
	As other reviewers have mentioned this is a must for anyone involved with MBS ABS markets. Outstanding discussions on prepayment. Very detailed analysis of MBS ABS structures and related processes. A must for all people... read full review

All Customer Reviews(3) | Product Info | Product Listings

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