20-1. Chapter 20
20-2. Mortgage-Backed Securities
20-3. Learning Objectives
20-4. Mortgage-Backed Securities
20-5. A Brief History of Mortgage-Backed Securities, I.
20-6. A Brief History of Mortgage-Backed Securities, II.
20-7. Fixed-Rate Mortgages
20-8. Fixed-Rate Mortgage, Monthly Payments
20-9. Mortgage Payments Using a Spreadsheet
20-10. Mortgage Payments, by Rate and Time
20-11. Fixed-Rate Mortgage Amortization
20-12. Example: Fixed-Rate Mortgage Amortization
20-13. Fixed-Rate Mortgage Amortization
20-14. Amortization Schedules for 15-Year and 30-Year $100,000 Mortgages
20-15. Mortgage Interest and Principal, by Age of $100,000, 30-Year Mortgage with
20-16. Fixed-Rate Mortgage Amortization, Using a Spreadsheet
20-17. Reverse Mortgages, I.
20-18. Reverse Mortgages, II.
20-19. Fixed-Rate Mortgage Prepayment and Refinancing
20-20. Government National Mortgage Association
20-21. Government National Mortgage Association
20-22. GNMA Clones
20-23. PSA Mortgage Prepayment Model, I.
20-24. PSA Mortgage Prepayment Model, II.
20-25. PSA Mortgage Prepayment Model, III.
20-26. PSA Mortgage Prepayment Model, SMM
20-27. PSA Mortgage Prepayment Model, Average Life
20-28. Cash Flow Analysis GNMA Fully Modified Mortgage Pools
20-29. Principal and Cash Flows for a GNMA Bond
20-30. Macaulay Durations for GNMA Mortgage-Backed Bonds
20-31. Macaulay Durations for GNMA Mortgage-Backed Bonds
20-32. Collateralized Mortgage Obligations
20-33. Interest-Only and Principal-Only Strips
20-34. Cash Flows for GNMA IO and PO Strips
20-35. Sequential CMOs, I.
20-36. Sequential CMOs, II.
20-37. Sequential CMO Principal and Cash Flows
20-38. Protected Amortization Class Bonds, I.
20-39. Protected Amortization Class Bonds, II.
20-40. PAC Cash Flows and Total Cash Flows
20-41. Yields for MBSs and CMOs
20-42. MBS Yields
20-43. Useful Websites
20-44. Chapter Review, I.
20-45. Chapter Review, II.
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