Asset-Backed Securities
Anand K. Bhattacharya
Frank J. Fabozzi
Copyright: 1996
Asset-Backed Securities
provides comprehensive coverage of the major asset-backed securities, structuring issues,
and relative value analysis from the leading experts in the field. Comprehensive coverage
includes the expanding frontiers of asset securitization, introduction to ABS accounting,
trends in the structuring of ABSs, and prepayment nomenclature in the ABS market
Table of Contents
Contributing Authors.
Acknowledgements.
Index of Advertisers.
PART I: GENERAL.
1. The Expanding Frontiers of
Asset Securitization (A. Bhattacharya and F. Fabozzi).
2. Securitization in Europe
(P. Taylor).
PART II: PRODUCT AREAS.
3. Credit-Card Receivables
(R. Karr, et al.).
4. Auto Loan-Backed
Securities (T. Zimmerman and L. Burrell).
5. Manufactured Housing
Securities (T. Zimmerman and I. Koren).
6. Analysis of Manufactured
Housing-Backed Securities (J. Dunlevy and A. Shook).
7. Introduction to the
B&C Home-Equity Loan Market (M. Dear and L. Blum).
8. Evolution of the B&C
Home-Equity Loan Securities Market (H. McCall, III and L. Blum).
9. Equipment Lease-Backed
Securities (J. Lucas and T. Zimmerman).
10. SBA Loan-Backed
Securities (D. Faulk).
11. The Securitization of
Health-Care Receivables (V. Pica and A. Bhattacharya).
12. The Commercial Property
Market and Underwriting Criteria for Commercial Mortgages (J. Adams).
13. CMBS Structures and
Relative Value Analysis (J. Adams).
14. Investing in
Interest-Only Commercial Mortgage-Backed Securities (J. Adams, et al.).
PART III: STRUCTURING
CONSIDERATIONS.
15. Structuring Efficient
Asset-Backed Transactions (L. Blum and C. DiAngelo).
16. A Rating Agency
Perspective on Asset-Backed Securitization (S. Michaud).
17. Credit Enhancement in ABS
Structures (L. Hsu and C. Mohebbi).
18. Early Amortization
Triggers (A. Bhattacharya).
19. Home-Equity Loan Floaters
(L. Tsai and C. Mohebbi).
20. Dynamics of Cleanup Calls
in ABS (T. Zimmerman).
21. ABS B-Pieces (T.
Zimmerman).
PART IV: RELATIVE VALUE
CONSIDERATIONS.
22. Prepayment Nomenclature
in the ABS Market (A. Bhattacharya).
23. Evaluation of ABS
Prepayments (A. Bhattacharya).
24. Z-Spreads (A.
Bhattacharya and C. Sze).
PART V: ACCOUNTING
CONSIDERATIONS.
25. Introduction to ABS
Accounting (L. Blum and E. Mitnick).
Index.
410 pages