9. Prepayments (LO3, CFA2) Mortgage pools also suffer from defaults. Explain how defaults are handled in a
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9. Prepayments (LO3, CFA2) Mortgage pools also suffer from defaults. Explain how defaults are handled in a fully modified mortgage pool. In the case of a fully modified mortgage pool, explain why defaults appear as prepayments to the mortgage pool investor.
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Related Book For 
Fundamentals Of Investments Valuation And Management
ISBN: 9781260013979
9th Edition
Authors: Bradford Jordan, Thomas Miller, Steve Dolvin
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