A mortgage pool is divided into A,B,C,and Z-tranches based on the textbook example.The mortgage principal will initially be paid to which one of the tranches?

Name: A mortgage pool is divided into A,B,C,and Z-tranches based on the textbook example.The mortgage principal will initially be paid to which one of the tranches?
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In a typical mortgage-backed security structure, the A-tranche is the most senior tranche and receives principal payments first before the other tranches.

A Mortgage Pool Is Divided into A,B,C,and Z-Tranches Based on the Textbook