Non-agency mortgage backed securities, Financial Management

The mortgage-backed securities dealt with till now are agency mortgage backed securities. There are other MBS which can be for any kind of real estate property. For non-agency backed securities, the first lien is on the mortgaged property. The non-agency backed securities can take the form of pass-throughs or CMOs. In this market, the CMOs are created either from a pool of pass-throughs or unsecuritized mortgage loans. The main difference between an agency mortgage backed-security and a non-agency mortgage backed-security is that the latter does not carry precise government guarantee of payment of interest and principal as is with an agency security.

Posted Date: 9/8/2012 8:17:00 AM | Location : United States







Related Discussions:- Non-agency mortgage backed securities, Assignment Help, Ask Question on Non-agency mortgage backed securities, Get Answer, Expert's Help, Non-agency mortgage backed securities Discussions

Write discussion on Non-agency mortgage backed securities
Your posts are moderated
Related Questions
SAM Technology had AED 640,000,000 of retained earnings on December 31, 2012. The company paid common dividends of  AED 30,000,000 in 2012 and had retained earnings of  AED 500,000

how do you find total cash outflow through maturity

Q. Describes Working Capital. Briefly describe the techniques utilized in making working capital forecast or Estimating Working Capital Requirements? Ans:- Meaning of Wo

Q. Nature of Financial Management? Financial Management is an necessary part of Top Management: - In the contemporary business management the financial manager is one of the ac

The Central Bank is an authority responsible for monetary policy of its country. It regulates money supply and credit, issues currency, and manages exchange rate.

Categorization of management risk: Once each event has been evaluated, and been classified as to its probability and impact, the next step is to categorise those events. To do

Movements in working capital The year-end balances of trade, inventories and other receivables and payables are taken for current year-end as well as last year-end statement

The salaries paid in 2004 is Rs.500000; salaries outstanding Rs.20000; salaries paid in advance for 2001 is Rs.30000. What is the actual salary expenditure for 2004?

Securitization refers to conversion of illiquid assets to liquid assets by converting longer duration cash flows into shorter duration ones. Securitization denote

The Managing Director of your firm is thinking aloud about an appropriate gearing level for the company: "The consultants I spoke to yesterday explained that some theorists adva