The risk that arises during periods of rising interest rates when borrowers tend to pay off their loans later than...

The risk that a borrower will fail to make a balloon or lump-sum payment at maturity. Balloon risk may arise...

A PSA range within which the underlying mortgage collateral should remain over time so that a PAC bond would stick…

A collateralized mortgage obligation (CMO) that is structured as inverse floater tranches. The CMO will earn interest at rates that...

A collateralized mortgage obligation (CMO) that is structured as inverse floater tranches. The CMO will earn interest at rates that...