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Rating: 
Summary: An Essential Guide Plus Another
Review: A clear and detailed book, written by the No. 1 expert in MBS from, Salomon Smith Barney, the best MBS underwriting and trading firm on Wall Street. A must for all people working with MBS.
Rating:
Summary: Clearly the best!
Review: A clear and detailed book, written by the No. 1 expert in MBS from, Salomon Smith Barney, the best MBS underwriting and trading firm on Wall Street. A must for all people working with MBS.
Rating:
Summary: An Essential Guide Plus Another
Review: A fine guide book for the asset-backed and mortgage-backed securities markets from the original dominating force: Salomon Brothers (now Salomon Smith Barney). This comprehensive volume is an essential reference for asset backed securities and mortgage backed securities, albeit it is somewhat U.S. centric."Collateralized Debt Obligations and Structured Finance" by Janet Tavakoli completes and updates the essential structured finance collection. Tavakoli discusses synthetics which use credit derivatives techology and compares them to cash deals. She also exposes weaknesses in the ratings and in the structural elements that investors and structurers can correct, or at least negotiate value. She also talks about the risks of fraud, inadequate asset due diligence, and inadequate documentation & structural protections.
Rating:
Summary: Hayre is lucid and informative! The Best Prepayment book
Review: As other reviewers have mentioned this is a must for anyone involved with MBS ABS markets. Outstanding discussions on prepayment. Very detailed analysis of MBS ABS structures and related processes. A must for all people working with MBS.
Some modeling is hidden and not well explained...
Rating:
Summary: Hayre is lucid and informative! The Best Prepayment book
Review: As other reviewers have mentioned this is a must for anyone involved with MBS ABS markets. Outstanding discussions on prepayment. Very detailed analysis of MBS ABS structures and related processes. A must for all people working with MBS.
Some modeling is hidden and not well explained...
Rating:
Summary: Hayre is lucid and informative! The Best Prepayment book
Review: As other reviewers have mentioned this is a must for anyone involved with MBS ABS markets. Outstanding discussions on prepayment. Very detailed analysis of MBS ABS structures and related processes. Not much material related to interest rate derviatives.
Rating: 
Summary: its ok
Review: it was a good well balanced book it was fun to reasd
Rating:
Summary: Highly Recommended!
Review: Lakhbir Hayre has created a comprehensive and authoritative reference guide for the asset-backed and mortgage-backed securities markets. In compiling this book, Hayre drew on the expertise of ABS and MBS specialists from Salomon Smith Barney, which was a pioneer in the development of these markets and still trades the largest volume of the securities. This huge volume includes plenty of charts, graphs and illustrations as companions to its enormously detailed and clearly explained descriptions and analysis. We [...] recommend this book as a useful reference for experts and an enlightening introduction for securitization novices.
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