Industry WIKI

In the United States secondary mortgage market, the Constant Maturity Mortgage (CMM) rate is a financial index representing the theoretical yield of a par value agency residential mortgage-backed security (agency RMBS). Unlike the constant-maturity treasury (CMT) which reflects government borrowing costs, the CMM reflects the yield required by investors to transact agency RMBS (such as t

The credit channel mechanism of monetary policy describes the theory that a central bank's policy changes affect the amount of credit that banks issue to firms and consumers for purchases, which in turn affects the real economy.