Real Estate Capital Markets: Debt Securitization

Syllabus

Real Estate Capital Markets Syllabus

Readings

Click here for readings

Cases

Practical Assignments for Fall 2008

• Case 1: PSA Speeds and Pricing the Prepayment Option (Prepay08.pdf and data)
• Case 2: Strips, CMOs, and Option-Adjusted Spreads (OAS) (CMO08.pdf and data)
• Case 3: PACs, TACs, Floaters, and Inverse Floaters (PAC08.pdf and data)
  

Practical Assignments for Fall 2007

• Case 1: PSA Speeds and Pricing the Prepayment Option (Prepay06.pdf and data)
• Case 2: Strips, CMOs, and Option-Adjusted Spreads (OAS) (CMO06.pdf and data)
• Case 3: PACs, TACs, Floaters, and Inverse Floaters (PAC06.pdf and data)

Old Assignments for Spring 2005:

• Case 1: Types of Mortgages (MtgMath05.pdf) and (MtgMath05) data
• Case 2: PSA Speeds and Pricing the Prepayment Option (Prepay05.pdf and data)
• Case 3: Strips, CMOs, and Option-Adjusted Spreads (OAS) (CMO05.pdf and data)
• Case 4: PACs, TACs, Floaters, and Inverse Floaters (PAC05.pdf and data)

Old Assignments for Spring 2004:

• Case 1: Types of Mortgages (recm1.pdf). Primers: Using Excel: pv.xls,Calculating APR: apr.xls
• Case 2: Mortgage Prepayments/Pricing the Prepayment Option (recm2.pdf)
• Case 3: Strips, CMOs, and Option-Adjusted Spreads (OAS) (recm3.pdf), CMO example: cmo.xls
• Case 4: PACs, TACs, Floaters, and Inverse Floaters (recm4.pdf)