Mortgage-Backed Securities

Mortgage pass-through cash flows, CMO instrument pricing

A mortgage-backed security (MBS) is a type of asset-backed security that is secured by a mortgage, or more commonly a “pool” of mortgages. This toolbox provides functionality to price, compute sensitivity, calculate cash flow, and perform prepayment analysis for an MBS ("pass-through”) and a collateralized mortgage obligation (CMO).

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