Mortgage-backed securities (MBS) are investments made up of bundled residential or commercial mortgages sold to investors. As ...

These are the securities comprised of groups of similar mortgages, also known as "pools." MBS function similarly to other bonds in that have a purchase PRICE and pay the investor back in ...

For example, the team prefers specified MBS pools that have distinct underlying characteristics, CMO structures that target specific cash flows, and CMBS that limit prepayment risk. By contrast ...