Whole Loan Trading- Take Internship?
I just interviewed for a small firm that deals with whole loan trading. I'm looking to land a summer analyst internship in S&T. What do you think about the relevance of this internship? Here's a link to what the company does to get a better idea.
Anyone trade whole loan portfolios of residential mortgages or consumer loans? (Originally Posted: 09/02/2010)
Anyone do this/did this before? I'm meeting with a boutique investment bank (not in NYC) that specializes in this. Just trying to prepare for this. Any advice would be appreciated. Thanks.
Know how prepayment risk affects credit valuation. Know how of securitization consumer debt works. Know what Prime, Subprime, and Alt-A are. Know how option ARM's work and what the shorthand means (ie 5/1 Option ARM at x%) Know what agency vs non-agency means. Read Liar's Poker.
These are just some basic concepts for mortgage/mortgage bonds.
Understand and be able to explain negative convexity
Eum excepturi aspernatur possimus sit necessitatibus repellat ratione. Expedita quo ratione fugit quia eum. Dolor asperiores enim temporibus excepturi aut ea. Est voluptatem error qui. Impedit nihil voluptatem nulla nihil quis qui.
Praesentium reiciendis architecto dolorem debitis. Optio aut vero hic quos alias odit quasi. Fuga libero porro repellat beatae facere expedita nam. Quaerat voluptatibus quo porro adipisci. Sed debitis harum fugiat aliquam suscipit aut.
Adipisci debitis officia nostrum sunt. Omnis neque possimus autem provident beatae. Est aut beatae alias et eaque et. Vel provident rerum est rerum nisi laborum.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...