Why is a shifting interest mechanism included in a securitization where the collateral is residential mortgage loans?

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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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Why is a shifting interest mechanism included in a securitization where the collateral is residential mortgage loans?

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Almost all existing seniorsubordinated structures backed by residential mortgage loans also incorpor...View the full answer

Bond Markets Analysis and Strategies

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