Project and Principal Finance: Basics and Project Loan Securitizations
Book: Structured Finance and Insurance: The ART of Managing Capital and Risk Author: Christopher L. Culp Publisher: Wiley Finance, 2006 ISBN: 978-0-471-70631-1
Securitization
Securitizing Private Equity and Hedge Funds: Collateralized Fund Obligations
Book: Structured Finance and Insurance: The ART of Managing Capital and Risk Author: Christopher L. Culp Publisher: Wiley Finance, 2006 ISBN: 978-0-471-70631-1
Securitization: The Process, Credit Enhancement, and Liquidity Support
Book: Structured Finance and Insurance: The ART of Managing Capital and Risk Author: Christopher L. Culp Publisher: Wiley Finance, 2006 ISBN: 978-0-471-70631-1
Special Purpose Entities: The Hidden Architecture of Structured Finance
Every securitization needs a container. An entity that holds the assets, issues the securities, and exists separately from the people who put it together. That container is the special purpose entity.
Securitization Terminology: What You Need to Know First
Before you can understand CDOs, you need the vocabulary. Chapter 1 of Tavakoli’s book is essentially a glossary with context – she defines the key terms and explains why they exist.
Why I'm Reading a 2008 Book About CDOs and Structured Finance
Some books age badly. This one didn’t.
Janet M. Tavakoli wrote Structured Finance and Collateralized Debt Obligations in 2008 – the second edition – right as everything was falling apart. The subprime mortgage market had just imploded. CDO losses were spreading across the global financial system. Banks were writing down billions. And Tavakoli was sitting there going: “I told you so.”
Mortgage Markets and the Credit Crisis: What Went Wrong
Book: Financial Markets and Institutions, 11th Edition Author: Jeff Madura Publisher: Cengage Learning, 2015 ISBN: 978-1-133-94788-2
Chapter 9 is the one where everything comes together. Madura covers how mortgage markets work, the different types of mortgages, how they get packaged into securities, and how the whole system collapsed in 2008. If you want to understand the credit crisis, this is the chapter to read.