Loading...
book part or chapter
Mortgage-backed securities
2023
Research Handbook of Financial Markets
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.
Use this identifier to reference this record
Type
book part or chapter
Authors
Publication date
2023
Publisher
Published in
Research Handbook of Financial Markets
ISBN of the book
9781800375321
Total of pages
331-357
EPFL units
Available on Infoscience
January 10, 2024