securities

Overview This course begins with an overview of the mortgage backed securities market. We’ll learn about the characteristics of mortgage-backed securities and identify the factors that cause U.S. mortgage-backed securities to be considered a different category of fixed income securities...

Overview In this course we’ll learn the key features of the most common types of tranches in agency CMOs: Z (accrual) bond tranches PAC (planned amortization class) tranches TAC (targeted amortization class) tranches We’ll cover the primary differences between non-agency and agency CMOs and...