The Meltdown in Structured Securitization Finding Lessons Form

Instructions and help about The Meltdown In Structured Securitization Finding Lessons

this is frm part 2 book 2 credit risk measurement and management and two chapters on securitization the good news for you guys is that we've talked about many of the topics inside of these two chapters there will be some new topics that we'll have to focus on but this could be considered really just a summary of much of the focus in you know the last ten or twelve chapters that we've talked about you'll see what I mean when we go through these learning objectives look at some of the bolded phrases inside of these learning objectives describes securitization process collateral cash waterfall special-purpose vehicles credit enhancements subprime mortgage you know so we've talked about these topics before the focus of this chapter will be just a little bit different than what we've done in the past so we'll have to focus on those subtleties and nuances but then look a little more than halfway down delinquency ratio default ratio monthly payment rate we'll do a little bit of math and we'll