Posted on January 4, 2011.
Commercial mortgage-backed securities (CMBS)-securitized loans backed by mortgage of commercial real estate-Have Become compelling devices for fixed income investing.This title, edited by renowned financial expert Frank Fabozzi, DESCRIBE The structure, valuation, and performance of CMBS, Illustrate an empirical framework for Estimating CMBS defaults, instructors how to value prepayment and credit risks of CMBS, and more.
Teisha Scontras says...
This book is an excellent introduction to the Commercial mortgage industry. It is up to date and the author makes an effort to state the distinction between the residential and commercial mortgage business. He also touches on important and relevant topics such as the sub prime crises and how it effected the mortgage industry and why people should not be afraid to get involved now, as there is ample opportunity. This is for the layperson, and he describes the nuts and bolts of the industry very well. Gineris also makes it easy for the reader to understand the vocabulary and concepts so inherent to the industry. He gets into lending, borrowing, commercial mortgage-backed securities, etc. Albeit, a strong income potential can be realized in a relatively short period of time (comparatively speaking), this is not a get rich quick scheme. But for those who work hard, smart and take this business seriously, one can make physician level income and have a lot of fun doing it.
Posted on January 9, 2011
