Explore what Weighted Average Loan Age (WALA) means for mortgage-backed securities investors, including its calculation, significance, and differences from Weighted Average Maturity (WAM).
Explore the intricacies of prepayment risk in fixed-income securities, including its impact on investors and how it varies across different financial instruments.
Explore the complexities and tax advantages of Real Estate Mortgage Investment Conduits (REMICs), pivotal in the mortgage-backed securities market.
Explore the world of Jumbo Pools in mortgage investments—a safer, diversified, and expansive approach to Ginnie Mae's II mortgage-backed securities.
Explore how asset securitization works, its role in financial markets, and its impact on the global financial system, with a focus on the 2008 financial crisis.
A concise exploration of the Government National Mortgage Association (GNMA), highlighting its guarantee of mortgage-backed securities and its pivotal role in supporting U.S. housing finance.
Explore the dynamics of the Weighted Average Coupon (WAC) used to measure the average interest rate of the underly mortgages in MBS, and its impact on investment strategies.
Explore the concept of original face in mortgage-backed securities (MBS), its impact on investments, and how it differs from current face value.
Explore the process of securitization, where various types of debt are pooled and transformed into new, income-generating financial instruments. Learn how this practice impacts investors and plays a pivotal role in financial markets.
Delve into the 48-Hour Rule within the TBA market of mortgage-backed securities. Learn how this rule adds transparency and facilitates trading in one of the most liquid markets.
Understand the meaning of 'vintage' in financial securities, particularly mortgage-backed securities, and how it affects investment risk.
Explore the concept of Yield-to-Average Life, an essential calculation for assessing bond investments based on average maturity. Learn its impact on bond returns & investment strategies.
Explore how Freddie Mac supports the U.S. housing market by purchasing, guaranteeing, and securitizing home loans. Understand its role alongside Fannie Mae in the secondary mortgage market.
Explore the role of guarantee fees (g-fees) in mortgage-backed securities, their functions, and their impact on the financial market.
Explore what Residential Mortgage-Backed Securities (RMBS) are, how they work, and their role in the financial markets, with insights on investment opportunities and risks.
Explore the role and mechanisms of a Z Tranche in CMOs, decipher its payment structure, and weigh its strategic asset and liability considerations.
Explore the concept of To Be Announced (TBA) in mortgage-backed securities (MBS) trading, its importance in financial markets and how it impacts liquidity and risk management.
