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Mortgage Backed Securities
Mortgage Backed Securities
Bjørn Eraker
Wisconsin School of Business
December 7, 2008
Bjørn Eraker
Mortgage Backed Securities
Outline
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Mortgage-Backed Securities
Mortgage-Backed Securities
Leah DiMartino Matt Houser Brendan LaCerda Kaity McCoy Brian Seremet Justin Sibears
1
Introduction
Mo ... more>>
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Mortgage-Backed Securities
Mortgage-Backed Securities
Mortgage-Backed Securities: Terms
• Mortgage-Backed Securities (MBS) or Mortgage PassThroughs (PT) are claims on a por ... more>>
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Asset-Backed Securities
Collateralized Debt Obligations
CDOs
• A collateralized debt obligation (CDO) is an ABS backed by a pool of one or more classes of debt
o A coll ... more>>
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DUS Discount Mortgage-Backed Securities
DUS Discount Mortgage-Backed Securities
Fannie Mae’s DUS™ Discount Mortgage-Backed Securities (DMBS) are short-term discount securities used ... more>>
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MORTGAGE-BACKED SECURITIES (MBS) AND COLLATERALIzED MORTGAGE
investor’s guide
mortgage-backed securities (mbs) and collateralized mortgage obligations (cmos)
i
CONTENTS
Securitization: An Overview 1 M ... more>>
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