Answer the below questions. a. Why is it necessary for a nonagency mortgage-backed security to have credit

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Answer the below questions.
a. Why is it necessary for a nonagency mortgage-backed security to have credit enhancement?
b. Who determines the amount of credit enhancement needed?

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Bond Markets Analysis and Strategies

ISBN: 978-0133796773

9th edition

Authors: Frank J.Fabozzi

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Question Posted: Aug 22, 2015 07:35 AM

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Answer the below questions. a. Why is it necessary for a nonagency mortgage-backed security to have credit

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a Credit enhancement is a key part of the securitization transaction in structured finance and is important for credit rating agencies when rating a securitization Credit enhancement involves the proc...View the full answer

Bond Markets Analysis and Strategies

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