Comprehensive Secondary Mortgage Market Fundamentals Course Curriculum
Course Overview This comprehensive course is designed to provide participants with a deep understanding of the secondary mortgage market, its fundamentals, and its applications. The course is interactive, engaging, and comprehensive, with a focus on practical, real-world applications.
Course Outline The course is divided into 8 modules, each covering a critical aspect of the secondary mortgage market. Module 1: Introduction to the Secondary Mortgage Market
- Overview of the Secondary Mortgage Market: Definition, history, and evolution
- Key Players: Government agencies, private companies, and investors
- Market Structure: Primary vs. secondary market, market segmentation
- Regulatory Framework: Laws, regulations, and guidelines governing the secondary mortgage market
Module 2: Mortgage-Backed Securities (MBS)
- MBS Basics: Definition, types, and characteristics
- MBS Issuance: Process, participants, and documentation
- MBS Trading: Market dynamics, pricing, and settlement
- MBS Risks: Credit risk, interest rate risk, and prepayment risk
Module 3: Collateralized Mortgage Obligations (CMO)
- CMO Basics: Definition, structure, and types
- CMO Creation: Process, participants, and documentation
- CMO Risks: Credit risk, interest rate risk, and prepayment risk
- CMO Investment: Strategies, risks, and rewards
Module 4: Mortgage Servicing Rights (MSR)
- MSR Basics: Definition, characteristics, and valuation
- MSR Trading: Market dynamics, pricing, and settlement
- MSR Risks: Credit risk, interest rate risk, and operational risk
- MSR Management: Strategies, best practices, and regulatory compliance
Module 5: Secondary Market Participants
- Government Agencies: Role, functions, and programs
- Private Companies: Originators, aggregators, and servicers
- Investors: Types, strategies, and risk tolerance
- Other Participants: Rating agencies, auditors, and consultants
Module 6: Risk Management in the Secondary Mortgage Market
- Risk Types: Credit risk, interest rate risk, and operational risk
- Risk Management Strategies: Hedging, diversification, and asset allocation
- Risk Management Tools: Derivatives, swaps, and options
- Regulatory Requirements: Capital requirements, stress testing, and risk-based supervision
Module 7: Market Trends and Outlook
- Market Analysis: Trends, drivers, and outlook
- Regulatory Developments: Impact on the secondary mortgage market
- Technological Innovations: Fintech, blockchain, and digital mortgage
- Future of the Secondary Mortgage Market: Opportunities, challenges, and prospects
Module 8: Case Studies and Best Practices
- Real-World Examples: Success stories, failures, and lessons learned
- Best Practices: Origination, servicing, and risk management
- Actionable Insights: Strategies, tactics, and recommendations
- Course Wrap-Up: Key takeaways, next steps, and continued learning
Course Features - Interactive and Engaging: Video lessons, quizzes, and discussions
- Comprehensive and Up-to-Date: Coverage of the latest market developments and trends
- Personalized Learning: Self-paced, flexible, and adaptive
- Practical and Real-World: Case studies, examples, and applications
- Expert Instructors: Industry professionals with extensive experience
- Certification: Certificate upon completion issued by The Art of Service
- Lifetime Access: Access to course materials and updates
- Mobile-Accessible: Learn on-the-go, anytime, anywhere
- Community-Driven: Discussion forums, networking, and peer support
- Gamification and Progress Tracking: Engaging learning experience with tracking and rewards
Certificate of Completion Upon completing the course, participants will receive a Certificate of Completion issued by The Art of Service, a recognized industry authority.,
Module 1: Introduction to the Secondary Mortgage Market
- Overview of the Secondary Mortgage Market: Definition, history, and evolution
- Key Players: Government agencies, private companies, and investors
- Market Structure: Primary vs. secondary market, market segmentation
- Regulatory Framework: Laws, regulations, and guidelines governing the secondary mortgage market
Module 2: Mortgage-Backed Securities (MBS)
- MBS Basics: Definition, types, and characteristics
- MBS Issuance: Process, participants, and documentation
- MBS Trading: Market dynamics, pricing, and settlement
- MBS Risks: Credit risk, interest rate risk, and prepayment risk
Module 3: Collateralized Mortgage Obligations (CMO)
- CMO Basics: Definition, structure, and types
- CMO Creation: Process, participants, and documentation
- CMO Risks: Credit risk, interest rate risk, and prepayment risk
- CMO Investment: Strategies, risks, and rewards
Module 4: Mortgage Servicing Rights (MSR)
- MSR Basics: Definition, characteristics, and valuation
- MSR Trading: Market dynamics, pricing, and settlement
- MSR Risks: Credit risk, interest rate risk, and operational risk
- MSR Management: Strategies, best practices, and regulatory compliance
Module 5: Secondary Market Participants
- Government Agencies: Role, functions, and programs
- Private Companies: Originators, aggregators, and servicers
- Investors: Types, strategies, and risk tolerance
- Other Participants: Rating agencies, auditors, and consultants
Module 6: Risk Management in the Secondary Mortgage Market
- Risk Types: Credit risk, interest rate risk, and operational risk
- Risk Management Strategies: Hedging, diversification, and asset allocation
- Risk Management Tools: Derivatives, swaps, and options
- Regulatory Requirements: Capital requirements, stress testing, and risk-based supervision
Module 7: Market Trends and Outlook
- Market Analysis: Trends, drivers, and outlook
- Regulatory Developments: Impact on the secondary mortgage market
- Technological Innovations: Fintech, blockchain, and digital mortgage
- Future of the Secondary Mortgage Market: Opportunities, challenges, and prospects
Module 8: Case Studies and Best Practices
- Real-World Examples: Success stories, failures, and lessons learned
- Best Practices: Origination, servicing, and risk management
- Actionable Insights: Strategies, tactics, and recommendations
- Course Wrap-Up: Key takeaways, next steps, and continued learning