With CMOs (Collateralized Mortgage Obligations) are some of the fastest growing sectors of the fixed income financial markets, this volume looks at one of the most popular sectors of CMOs, namely whole-loan CMOs. Unlike traditional CMOs, which are backed by government agencies, whole-loan CMOS are backed by private companies and investors. As a result, whole-loan CMOs expose investors to credit risk in addition to the traditional prepayment risk. This work provides investors with the analytical tools that they need in order ...

Whole-Loan CMOS 1996, Irwin Professional Publishing

ISBN-13: 9781883249045

Trade paperback