A workshop on mortgage-backed securities and collateralized mortgage obligations, structures and pricing, disclosure and regulation. Some of the specific topics that will be covered are:

 

  • INTERNATIONAL TRENDS IN MORTGAGE SECURITIZATION
  •    Comparing International Models

       Different Mortgage Securitization Instruments (pros, cons, and requirements)

       The Sub-Prime CDO-SIV Crisis

       Reassessing the Role of Government in MBS Markets

     

  • COSTS AND PRICING ISSUES FOR ORIGINATOR/SELLER
  •    Key steps/costs of the Securitization process

       Credit Enhancement Mechanisms

       Role of Ratings and Rating Agencies

     

  • INVESTMENT FEATURES OF MORTGAGE SECURITIZATION
  •    MBS Cashflow Cconcepts and Valuation (mortgage pools and securities)

       Prepayment Analysis and Yield Measurements

     

  • LEGAL ISSUES AND LEGAL STRUCTURES
  •    Legal Requirements to Securitize Mortgages

       Analysis of Alternative Securitization Models

       Legal steps to complete a Securitization

       International cases of Various Structured Finance Assets

     

  • REGULATORY ISSUES
  •    Risks Mitigation, Disclosure, Oversight, and Enforcement

       Functions and Organization of the regulatory body

     

  • DISCLOSURE TO INVESTORS
  •    Transparency

       Investors' Protection and Education