FIN 709 (01) - Mortgage Banking and Fixed Income Securities

Mortgage Bank & Fixed Income

Durham   Paul College of Business&Econ :: Finance
Credits: 4.0
Term: Fall 2023 - Full Term (08/28/2023 - 12/11/2023)
Grade Mode: Letter Grading
Class Size:   30  
CRN: 13642
This course focuses on bonds and the bond market. While the cash flows of bonds are specified, their valuation is particularly challenging given interest rate movements, embedded optionality, and credit risk. As part of an examination of structured products, the course will examine the process of creating, valuing, and trading mortgages. Further, the course demonstrates the skills needed to manage fixed income portfolios in light of both client specific objectives and the market environment.
Registration Approval Required. Contact Instructor or Academic Department for permission then register through Webcat.
Prerequisite(s): (ADMN 570 with minimum grade of C- or HMGT 655 with minimum grade of C- ) and FIN 702 with minimum grade of C-
Equivalent(s): ACFI 709
Only listed colleges in section: Paul College of Business&Econ
Classes not allowed in section: Freshman
Only listed majors in section: BUSADM:FINANCE
Instructors: Richard Kilbride

Times & Locations

Start Date End Date Days Time Location
8/28/2023 12/11/2023 TR 11:10am - 12:30pm PCBE 175
Additional Course Details: 

This course is a rigorous and analytical study of a wide range of topics in the fixed income arena. It focuses on securities (mainly bonds), and things that can look like securities (mainly loans) that promise an ongoing and consistent cash flow (hence: “fixed income”). The valuations of these things are influenced by interest rates and credit risk. The course is focused on the concepts and tools that are important to practitioners and investors who want to use these securities, whether the issuer or the investor. It includes a study of the markets in which these securities trade.