Salomon Smith Barney Guide to Mortgage-Backed and Asset-Backed Securities
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Mortgage-backed and asset-backed securities are fixed-incomesecurities, like bonds, which derive their return from anunderlying mortgage or basket of mortgages, or an asset or basketof assets. This market has increased from about $100 billion in1980 to over $2.5 trillion today. Filling the void for a new bookon fixed-income, Salomon Smith Barney Guide to Mortgage-Backed andAsset-Backed Securities provides a coherent and comprehensiveapproach to the subject. Featuring material used by the company,this book is an ideal training tool and resource for investmentprofessionals, institutional investors, pension fund investors, andhedge-fund investors.
Lakhbir Hayre (New York, NY) is a mortgage officer at Salomon SmithBarney, and their leading expert on mortgage-backed andasset-backed securities. He is a Certified Financial Analyst and aDoctor of Philosophy.
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