经理想讨论mortgage assets 里的 servicing rights。 performance and risk management considerations.

可是真的no idea。有在此领域工作或学习的人吗？能就此说说吗？能给推荐几本这方面的书吗？

谢谢！！！！

[此贴子已经被作者于2006-4-3 14:54:05编辑过]

I think that performance risk management is mostly about the call options and the negative convexity accordingly. you can't use duration only to control the risk or using only one treasury option to hedge the risk.

go to a book store looking for any bond books with chapters talking about CMBS, RMBS, CMO, etc. good luck.

what do CMBS, RMBS, CMO stand for?

Thank you so much for your reply!!!!

I can spend days on it, but if it is for an interview like you said, the most effective way is to google and find some useful info. just google them and there will be lots of things related to them. read them. it's faster than reading a book about it.

if you know the concepts about duration & convexity and options, you'll get it very quickly :-)good luck.

谢谢你!