Mortgages

[skoh]

Hi,

Is mortgages not tested in coming FRM Level 1?

Thanks

 

[skoh]

Do we just need to focus on these topic areas?

• Foundations
• Quantitative Analysis
• Products & Markets
• Valuation & Risk Models
• Market Risk
• Credit Risk
• Operational (Integrated) Risk
• Investment Risk
• Current Issues

Thanks

 

[ShaktiRathore]

Please see the the study guide http://www.gocharter.com.tw/download/2012FRM_StudyGuide.pdf. as far as i can see there are no mortgages in part I and the mortgsages are covered in detail in part 2.If there are no mortgages mentioned in part 1 syllabus than you can infer that it will not be coming in part 1.

thanks

 

[David Harper CFA FRM]

Mortgages are squarely a Part2.Topic 6 concept. I agree with Shakti: in general mortgages are NOT a Part 1 concept, with the one small exception of a superficial grasp implied by Fabozzi's Corporate Bonds where AIM is "Describe the various security types relevant for corporate bonds, including: Mortgage bonds, Collateral trust bonds, Equipment trust certificates, Debenture bonds (including subordinated and convertible debentures), Guaranteed bond"