Pricing Mortgage-Backed Securities
Pricing Mortgage-Backed Securities
复制标题
抵押贷款支持证券的定价
DOI：
10.1007/978-1-4419-9230-7_14
复制
发表时间：
2003
期刊：
影响因子：
--
通讯作者：
Regina Y. Liu
中科院分区：
文献类型：
--
作者：
T. Kariya;Regina Y. Liu
抵押贷款支持证券（MBS）是一种传递证券，其结构使得抵押贷款持有人所支付的所有款项（除服务费外）都流向购买证券的投资者。在住房抵押贷款的情况下，付款通常由担保机构保护，以防范抵押人的违约风险。一类住宅抵押贷款被汇集和抵押，MBS被证券化。
A mortgage-backed security (MBS) is a pass-through security so structured that all the payments made by mortgage holders, except for servicing fees, go to the investors who purchase the securities. In the case of residential mortgage, the payments are usually protected against the default risk of mortgagors by a guaranty institution. A class of residential mortgages is pooled and collateralized, on which MBS’s are securitized.