Topic: Structured Finance

Mortgage Pass-through Securities

Mortgage-backed securities are one of the many financial innovations born in the US financial markets. The mortgage-backed securities provided a way for investors to get access to a new and untapped source of investment – mortgage loans. In simple words, a...

Structured Nonagency IO Tranches

As we know, an interest only (IO) strip is a class of security that receives its payments only from the interest payments on the underlying mortgage. An interest only tranche will typically benefit from rising interest rates and slowing of prepayment rates. IO...

Interest-only Stripped Mortgage-backed Security

The mortgage-backed securities (MBS) were the result of financial innovation at investment banks to meet the growing needs to the investors in the fixed income market. As we know, mortgage backed securities are a type of asset-backed securities in which the cash flows...

Financial Risks in Mortgage-Backed Securities

Mortgage-Backed Securities (MBS) are a very important class of financial instruments and played a significant role in the recent financial crisis. This presentation from a GARP Chapter Meeting provides an overview of the MBS products and the financial risks associated...

Revolving Credit Card Receivables Securitization

Unlike closed-end installment loans, revolving credit receivables involve greater uncertainty about future cash flows. Therefore, ABS structures using this type of collateral must be more complex to afford investors more comfort in predicting their repayment. Accounts...

Asset-Backed Securities (Installment Loans)

Asset-backed securities can have a variety of underlying collateral and its terms and features are customized based on the underlying collateral. One of the commonly used collateral installment receivables such as automobile-finance receivables. The securities backed...

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