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Certification Course

Professional Certificate in Mortgage Backed Securities (MBS)

Understand the different types of Mortgage Backed Securities

What you will learn

Structural features and their impact on valuation and analysis of MBS
Describe the structural features and cash flow characteristics of pass-through securities
Recognize the impact of prepayment rates in the analysis and valuation of MBS
Explain the basic features of agency and non-agency CMOs as well as important types of tranches (sequential pay, Planned AmortizationClass, accrual/z-bond, etc)
Describe the basic elements of TBA (To Be Announced) trades and dollar rolls