Financial math modeling of MBS?

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Introductory texts on mathematical modeling of mortgage-backed securities (MBS) can be found in finance journals like the Journal of Finance and the Journal of Portfolio Management. MBS emerged in the early 1980s, necessitating methods to value these bonds, particularly regarding the prepayment option of underlying mortgages. Investment banks published extensive materials to aid bond portfolio managers in understanding prepayments and MBS valuation. For further research, a simple Google search can yield additional resources. Understanding these concepts is crucial for effective MBS analysis.
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Can anyone refer me to an introductory text about math modeling of mortgage backed securities?
 
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naggy said:
Can anyone refer me to an introductory text about math modeling of mortgage backed securities?

I would look in the Finance journals e.g the Journal of Finance or the Journal of Portfolio Management.

MBS were created on Wall Street during the early 1980's and investors needed some way to value these bonds. The problem was valuing the prepayment option on the underlying mortgages.

So much was published by investment banks to explain prepayments and MBS valuation to bond portfolio managers.
 

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