What are the benefits of market yields that are less than the average rate in the GNMA

Question:

What are the benefits of market yields that are less than the average rate in the GNMA mortgage pool? What are the disadvantages of this rate inversion? To whom do the good news and bad news accrue?
Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Financial Institutions Management A Risk Management Approach

ISBN: 978-0071051590

8th edition

Authors: Marcia Cornett, Patricia McGraw, Anthony Saunders

Question Posted: