Jumbo MBS are a special type of MBS that focus on ... This pool is then sliced into different pieces, known as tranches, based on the risk and return profile of the underlying loans.

The notes benefit from credit enhancement levels of 30.45%, 24.3%, 13.8%, 8.65%, 5.00% and 2.05% on the A1, A2, A3, M1, B1, ...

The underlying assets have an original weighted average CLTV ratio of 70.4%. Assets with original CLTV ratios exceeding 80% represent 26.1% of the pool's balance.