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 | | The Handbook of Commercial Mortgage-Backed Securities, 2nd Edition by Frank J. Fabozzi (Editor), David P. Jacob (Editor) ISBN-10: 9781883249496 ISBN-10: 1-883249-49-X ISBN-13: 9781883249496 ISBN-13: 978-1-883249-49-6 Hardcover 1998-09 Wiley Find Lowest Price |
Editorials | ||
Product Description 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. | ||
Reviews | ||
More of market commentary in nature than analytical I am a newbie in the REIT field, I read this book with a view to understand the market better and to understand the basic concepts involved in this field. While I must say I did pick up some basic concepts I don't think I understand the market much better than before. The concepts I did pick up was not being explained in detail by the author but he was using those factors and parameters to explain why market behaved in a particular way during, say, the 1985-1990 period. Now, this is certainly not the book for the beginner, certainly not the book for somebody who wants to analyze how profitable a REIT would be... the mathematical formulas used in the books might be useful for the ones setting up the REIT, but for others, it's certainly not worth the money. | ||