Analyst Dojo

Learning Module 19 of Fixed Income 11–14% of the exam

Mortgage-Backed Security (MBS) Instrument and Market Features

4 lessons. About 0 minutes in cram mode, 0 minutes in full.

Lessons for this module are being written. The outcomes and lesson plan below are final.

Lessons

  1. 1
    Time Tranching

    Coming soon

  2. 2
    Mortgage Loans and Their Characteristic Features

    Coming soon

  3. 3
    Residential Mortgage-Backed Securities (RMBS)

    Coming soon

  4. 4
    Commercial Mortgage-Backed Securities (CMBS)

    Coming soon

What the exam expects you to do

  1. Define prepayment risk and describe time tranching structures in securitizations and their purpose.
  2. Describe fundamental features of residential mortgage loans that are securitized.
  3. Describe types and characteristics of residential mortgage-backed securities, including mortgage pass-through securities and collateralized mortgage obligations, and explain the cash flows and risks for each type.
  4. Describe characteristics and risks of commercial mortgage-backed securities.