Why are pass-throughs more popular than pay-throughs, and why are REMICs now replacing pass-throughs?

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Why are pass-throughs more popular than pay-throughs, and why are REMICs now replacing pass-throughs?

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Contemporary Financial Intermediation

ISBN: 9780124052086

4th Edition

Authors: Stuart I. Greenbaum, Anjan V. Thakor, Arnoud Boot

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