'Pac bonds' presentation slideshows

Collateralized Mortgage Obligations

Collateralized Mortgage Obligations. Fabozzi--Chapter 12. Introduction to CMOs. The major risk associated with agency pass-throughs is prepayment risk. Many investors wanted securities with predictable maturities. In 1983, CMOs were created to reduce prepayment risk.

342 views • 21 slides

CMO and Stripped MBS

364 views • 18 slides

Collateralized Mortgage Obligations and Stripped MBS

Collateralized Mortgage Obligations and Stripped MBS. Chapter 12. CMO. securities developed to better deal with prepayment risk associated with PTs bond classes created by redirecting CFs of mortgage-related products

413 views • 18 slides