PLEASE ANSWER THIS:Phase $3$: Secondary Market & MBS Analysis $$ Explain how your mortgage could be securitized and sold. $$ Identify a real MBS prospectus and analyze its structure and risks. $$ Discuss implications of prepayment and default risk for investors. Deliverables: $$ Report on secondary market process $$ MBS risk analysis $$ Reflection on investor pricing concerns Phase $4$: REIT Investment Strategy $$ Select and analyze two residential or hybrid REITs. $$ Compare dividend yield, leverage, assets, and performance. $$ Recommend a balanced strategy between REITs and direct ownership Deliverables: $$ REIT comparison table $$ Graphs and written analysis $$ Portfolio strategy recommendation FOLLOWING BELOW ATTACHED PICTURE FOR INFORMATION: