A workshop on mortgage-backed securities and collateralized mortgage obligations, structures and pricing, disclosure and regulation. Some of the specific topics that will be covered are:

• International trends in mortgage securitization
•    Comparing international models
•    Different mortgage securitization instruments (pros, cons, and requirements)
•    Role of government in MBS markets in different countries
• Costs and pricing issues for originator/seller
•    Key steps/costs of the securitization process
•    Credit enhancement mechanisms
•    Role of ratings and rating agencies
•    International cases of various structured finance deals
• Investment features of mortgage securitization
•    MBS cashflow concepts and valuation (mortgage pools and securities)
•    Prepayment analysis and yield measurements
• Disclosure to investors
•    Transparency
•    Prospectus writing techniques
•    Investor's protection and education
• Regulatory issues
•    Risks mitigation, disclosure, oversight, and enforcement
•    Functions and organization of the regulatory body