Question 6 (6 marks): With reference to the fundamental analysis taught in the lecture - Which RMBS tranche is the riskier option? Ensure you discuss each element provided below and contrast between the two assets. SUPERSTAR RMBS 2019 ROCKSTAR RMBS 2019 Interest only loans 55% 60% Owner occupied loans 75% 70% CPR 20% 19% Aggregate Arrears - 90+ 0.65% 0.95% Seasoning 4 Years 2 Years Tranche subordination 45% 30% Geographic breakdown Proportion of total loans % I LL.I. NSW VIC TAS - SUPERSTAR RMBS QLD WA ROCKSTAR RMBS Total marks / 20