What was the role of gnma ginnie mae in the mortgage-backed
1. What was the role of GNMA (Ginnie Mae) in the mortgage-backed securities market of the 1970s?
2. Explain what is meant by (a) an ABS and (b) an ABS CDO.
3. What is a mezzanine tranche?
4. What is the waterfall in a securitization?
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1 what was the role of gnma ginnie mae in the mortgage-backed securities market of the 1970s2 explain what is meant by
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