Mortgage-Backed Securities

An in-depth guide to understanding the Fixed Income Clearing Corporation (FICC), its functions, structure, and role in the financial market.

Discover the rise and fall of Bear Stearns, the mighty investment bank that was brought down by the financial crisis of 2008.

Dive deep into the concept of prepayment risk and learn how it can impact your fixed-income investments such as callable bonds and mortgage-backed securities.

Explore the fundamental framework of the 'Original Face' concept in Mortgage-Backed Securities (MBS) and its significance for investors.

Learn about the Government National Mortgage Association (Ginnie Mae), a federal corporation that guarantees principal and interest payments on mortgage-backed securities, and how it helps promote affordable homeownership.

Discover the intricacies of Z-Bonds, also known as accrual bonds, in the realm of mortgage-backed securities and their associated risks and benefits.

Dive into the intricacies of securitization, how it works, its advantages and disadvantages, and what this financial process means for investors and originators alike.

Dive into the world of jumbo pools, the pass-through mortgage-backed securities (MBS) collateralized by multiple-issuer pools. Learn about their characteristics, creation process, benefits, associated risks, and how they differ from regular mortgage solutions.

Explore the concept of 'Vintage' in mortgage-backed securities, understanding its significance, how it works, and factors influencing its risk and value.