The following questions relate to manufac- tured housing-backed securities: a. What is the cash flow of a
Question:
The following questions relate to manufac- tured housing-backed securities:
a. What is the cash flow of a manufactured housing-backed security?
b. How are prepayments measured for manufactured housing-backed securities?
c. Why are prepayments on manufactured housing-backed securities less insensitive to prepayments due to refinancing com- pared to securities backed by other types of residential mortgage loans?
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