Securitized Assets

  • 2001 - SOA - Introduction To Securitized Assets, Society of Actuaries - 36p
  • Summary: Securitized assets have existed since the introduction of collateralized mortgage obligations (CMOs) in 1983.
    • Mortgage-backed securities (MBS) and various types of asset-backed securities (ABS) now provide a myriad of choices for terms and characteristics.
    • New types of ABS are developed every year, some of them created by insurance companies based on liability cash flows.
    • This session gives an overview of the types of securitized assets, the similarities and differences, and the risks and rewards of the various choices.

2001 - SOA - Introduction To Securitized Assets, Society of Actuaries - 36p