The secondary mortgage is where, home loans issued by primary lenders are packaged as mortgage-backed securities (MBS) and sold to big investors such as pension funds, insurance companies, and hedge funds. The secondary mortgage market is extremely large and liquid and helps to make credit equally available to all borrowers across geographical locations.
Learn about the secondary mortgage domain from experts with more than 20 years of experience. The training is geared towards making an individual well-versed with the secondary mortgage domain.
This course is designed for any IT/Non-IT professional with no to less exposure to the secondary markets and wants to learn about the secondary mortgage domain for educational or job purposes. It is also useful for mortgage professionals whose expertise is outside secondary markets and are looking to enhance their knowledge and expertise in the secondary mortgage domain.
- Introduction to Mortgage-backed Securities
- Lifecycle of Mortgage-backed Securities
- Residential Mortgage Overview
- Property Types
- Mortgage Loan Types
- Asset Securitization and Introduction to Mortgage Loans
- Mortgage Loans
- Introduction to Pass-Through Securities
- US Mortgage Agencies
- Agency Underwriting Guidelines
- Structure of Pass-Through Securities
- Mortgage Cash Flow Analysis
- Risks of Pass-Through Securities
- Pass-Through Securities Prices and Yields
- Buy-Up and Buy-Down Process
- Pass-Through Securities Cash Flows and Valuation
- MBS Prepayments and Negative Convexity
- Prepayment Benchmarks
- Conditional Prepayment Rate and Introduction to CMOs
- CMOs and Sequential Pay Tranches
- Z-Bond Tranches
- PAC-Bond Tranches
- Other types of Tranches
COURSE DELIVERY OPTION
- Live Online
- In-person
- Private Team Training
