Does anyone else feel like they haven’t covered this in much detail?
I assume because it’s mostly a new topic, there aren’t many mock questions on it by CFAI or prep providers.
What are the key things we need to know? E.g. would we need to know prepayment calcs on a CMO?
Feel the same way. Its mostly definitional. If you read the LOSs then most seem to be explain x or y concept.
I say focus on a high level overview of all the characteristics of the different types (MBS, CMO, ABS, CDO, etc.). The questions I have run into have all be definitional and more conceptual.
Fear not: you’ll get a lot more on ABS at Level II.
Next year.