There are two types of securitized assets: those that come as pools and those that have tranches. In a pool securitization, investors are equal and share all of the risks. If the pooled security ...

The pool is diversified, with its top obligor accounting for 3.2% of the pool balance, and the top 10 obligors account for 14 ...

First, we capitalized on favorable market conditions by completing four securitization transactions ... and we retained the highest-yielding tranches for our investment portfolio.