Arbeitspapier

Mortgage-backed securities

zu Verbundenen Objekten

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.

Sprache
Englisch

Erschienen in
Series: Staff Report ; No. 1001

Klassifikation
Wirtschaft
General Financial Markets: General (includes Measurement and Data)
Asset Pricing; Trading Volume; Bond Interest Rates
Banks; Depository Institutions; Micro Finance Institutions; Mortgages
Thema
mortgage finance
securitization
agency mortgage-backed securities
TBA
option-adjusted spreads
covered bonds

Ereignis
Geistige Schöpfung
(wer)
Fuster, Andreas
Lucca, David O.
Vickery, James
Ereignis
Veröffentlichung
(wer)
Federal Reserve Bank of New York
(wo)
New York, NY
(wann)
2022

Handle
Letzte Aktualisierung
10.03.2025, 11:44 MEZ

Datenpartner

Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Original beim Datenpartner anzeigen

Objekttyp

  • Arbeitspapier

Beteiligte

  • Fuster, Andreas
  • Lucca, David O.
  • Vickery, James
  • Federal Reserve Bank of New York

Entstanden

  • 2022

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