Explore the intricacies of Collateralized Mortgage Obligations (CMOs), their structure, tranches, and role in distributing prepayment risks in the mortgage-backed securities market.
Explore the Government National Mortgage Association (GNMA), also known as Ginnie Mae, and its critical role in guaranteeing mortgage-backed securities (MBS). Learn about the full faith and credit backing by the U.S. government, and delve into practical examples of GNMA securities.
Explore the role of the Federal Home Loan Mortgage Corporation (FHLMC), commonly known as Freddie Mac, in the U.S. mortgage market. Understand the types of securities it issues, investment strategies, and regulatory considerations.
Explore the intricacies of Pass-Through Securities within Mortgage-Backed Securities, including cash flow dynamics and the impact of interest rate changes on prepayment speeds.