Mortgage-Backed Securities ·
Pool, Tranche, Cascade
un
seel
.com · Ranieri 1977 · $12T market · AAA → Mezz → Equity
Stage
Hook
Pool value
$200 M
State
Idle
Mortgage / house
MBS pool / Senior AAA
Mezzanine tranche
Equity tranche / Default
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.com · Mortgage-Backed Securities