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Course Descriptions
Course catalog descriptions for courses offered in all currently published terms.
 

Finance
 
FIN 633 Securitization
  1.5 hours Elective Terms Offered: W09(A)
  Course Prerequisites: FIN 503 or 513 or 551 or 591 or Financial Engineering student 
   
  Securitization --- This course is an introduction to securitization, particularly as it has been applied to mortgage markets. There will be two parts to the course. The first part will focus on "tool-building." Focus will be on: understanding how mortgages are priced, the benefits and costs of securitization (both as business issues and as public policy) and the institutions and operations of American secondary mortgage markets. The second part will involve student analysis (in groups) of particular securitization structures. Students will be expected to do presentations on structures such as: "plain vanilla" mortgage pools, more complicated pools, like Collateralized Mortgage Obligations (CMO's), commercial mortgage backed securities, car loans and international securitization. Students will be expected to perform spread sheet analysis as well as answer questions about the underlying business logic of the various structures.
 
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