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Criado por dylan_earl
mais de 9 anos atrás
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Questão | Responda |
What is a Mortgage Backed Security (MBS) | An asset/security backed by mortgages sold to investors |
Who is involved in a National Housing Association (NHA) MBS? | CMHC/Administrator Issuers/Banks/Loans Companies etc Investors: Individuals/institutions |
Difference between prepayable and non-prepayable? | Prepayable: Prepayment passed onto investor Non-prepayable: Yields lower than prepayable, because bank holds prepayment. |
Calculating sale proceeds of MBS | Face Value * RPB Factor * Market Price + Accrued interest |
Canadian Mortgage Bonds (CMB) are very different than MBS', with prepayment T/F | False Very similar, no prepayment |
Why is prepayment bad? | Investors put their money away to be invested, not paid back right away (aka. not earning) |
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