Mortgage-backed securities

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Bibliographic Details
Authors and Corporations:	Fuster, Andreas (Author), Lucca, David O. (Author), Vickery, James (Author)
Other Authors:	Lucca, David O. [Author] • Vickery, James [Author]
Type of Resource:	E-Book
Language:	English
published:	New York, NY Federal Reserve Bank of New York [2022]
Series:	Federal Reserve Bank of New York: Staff reports ; no. 1001 (February 2022)
Subjects:	mortgage finance securitization agency mortgage-backed securities TBA option-adjusted spreads covered bonds
Source:	Verbunddaten SWB Lizenzfreie Online-Ressourcen

Description
Summary:	This paper reviews the mortgage-backed securities (MBS) market, with a particular emphasis on agency residential MBS in the United States. We discuss the institutional environment, security design, MBS risks and asset pricing, and the economic effects of mortgage securitization. We also assemble descriptive statistics about market size, growth, security characteristics, prepayment, and trading activity. Throughout, we highlight insights from the expanding body of academic research on the MBS market and mortgage securitization.
Physical Description:	1 Online-Ressource (circa 39 Seiten); Illustrationen