2007-09-11seekingalpha.com

" Pools of Alt-A mortgage backed securities [MBS] are packaged and marketed as being more appealing to traditional MBS yield seekers because they are perceived to offer temporary protection from prepayment risk (in a falling interest rate environment). However, this prepayment risk can be counterbalanced by a higher credit risk—as is being borne out in the volatile credit markets of 2007."



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