Trading pass through securities
The pass-through mortgage-backed security is the simplest MBS, structured as a trust, so that principal and interests payments are passed through to the 20 Aug 2019 Describe the process of trading of pass-through agency MBS. Explain the mechanics of different types of agency MBS products, including analytic techniques used to evaluate risk and return, and MBS trading/ settlement. Understand the different types of Mortgage Backed Securities Describe the structural features and cash flow characteristics of pass-through securities