The Handbook of Commercial Mortgage-Backed Securities, 2nd Edition Tapa dura - 1998 - 2nd Edición

Primera línea

Although only a few years old, commercial mortgage-backed securities (CMBS) have emerged to become one of the most popular investment vehicles in the bond market.

Descripción de contraportada

The Handbook of Commercial Mortgage-Backed Securities is a cornerstone reference in this emerging sector of the structured finance market. This Second Edition provides updated coverage of the market, the instruments, the tools used to assess these securities, and tax accounting issues.

In addition to an overview of the commercial real estate finance and commercial property markets, this book also covers property-market framework for bond investors, the role of the servicer, an investor's perspective on commercial mortgage-backed coupon strips, defaults on commercial mortgages, assessing credit risk, an options approach to valuation and risk analysis, legal perspectives on disclosure issues, and federal income taxation.