Whole Loan Trading- Take Internship?

I just interviewed for a small firm that deals with whole loan trading. I'm looking to land a summer analyst internship in S&T. What do you think about the relevance of this internship? Here's a link to what the company does to get a better idea.

http://www.globalportfolio.net/services.html

 

Know how prepayment risk affects credit valuation. Know how of securitization consumer debt works. Know what Prime, Subprime, and Alt-A are. Know how option ARM's work and what the shorthand means (ie 5/1 Option ARM at x%) Know what agency vs non-agency means. Read Liar's Poker.

These are just some basic concepts for mortgage/mortgage bonds.

There have been many great comebacks throughout history. Jesus was dead but then came back as an all-powerful God-Zombie.
 

Understand and be able to explain negative convexity

Jack: They’re all former investment bankers who were laid off from that economic crisis that Nancy Pelosi caused. They have zero real world skills, but God they work hard. -30 Rock
 

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