What would happen to an MBS (mortgage-backed security) if hypothetically speaking all the underlying mortgages were fully paid back by the mortgagees (borrowers), much before the maturity date?
I request the repliers of this question to follow this pattern:
- If the answer is w.r.t. a global context, please start it with "In a global context..." .
- If the answer is w.r.t. only a country(XYZ)'s context, please start it with "In XYZ , ....".
Thank you in advance!!!