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What function do the GSEs play in the housing market? Under what circumstance would IO / PO strips be created? Which asset would you expect
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What function do the GSEs play in the housing market?
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Under what circumstance would IO / PO strips be created?
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Which asset would you expect to perform better (see its price rise the greatest percent) if risk-free interest rates in the economy rose: a Pass-Through, an IO strip, or a PO strip? (And why)?
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Which would be more sensitive to interest rates: refinance rates, or turnover rates?
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What is the difference between PSA and PPC?
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