Mortgage prepayment expert Andrew Davidson just came out with a book called Securitization: Structuring and Investment Analysis. The book is being published and distributed by John Wiley & Sons, Inc. 

In the book, the president of Andrew Davidson & Co., Inc. presents a detailed explanation of how financial instruments can be securitized structured, analyzed and valued. Davidson co-wrote the book with Ohio State University Professor of Finance Anthony Sanders, Fredell & Co. in London Structured Finance Head Lan-Ling Wolff, as well as Andrew Davidson & Co. Senior Consultant Anne Ching.

A release from the company stated that this book describes how the U.S. and European securitization markets operate, and why this is such an important topic for investors today. Topics include investment, rating agency criteria, options-adjusted spreads, residential loans, and commercial loans. Each of the book’s sections is self-contained, a format that would allow practitioners to select their area of interest.

The release said that the markets covered include: Agency MBS, Advanced MBS and analysis (CMO, option-adjusted spreads), Non-agency MBS (including credit risk analysis), ABS (auto loans, credit cardloans, and manufactured housing), Commercial mortgages and CMBS, and The European securitization market (developments and outlook).

The firm said that there are exercises at the end of each chapter aimed at helping readers understand and apply key concepts. The release quoted Davidson as saying, “My hope was to create a book that could help unify the origination and investing sides of the securitization market.” He added that he and his co-writers described issuer motivations and structuring methodologies and then illustrated the analytical methods utilized by buysiders to evaluate those securities.

To view firther details of Securitization: Structuring and Investment Analysis, click here

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