Metacapital’s Narula on Mortgage Market Shakiness: Credit Crunch
FICC Focus
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Understanding Mortgage-Backed Securities
This chapter provides an in-depth exploration of mortgage-backed securities (MBS), clarifying their structure and significance in financial markets. It addresses misconceptions and complexities surrounding MBS, especially in the context of the U.S. mortgage market post-COVID-19. Additionally, it examines the impact of low interest rates and prepayment risks on homeowners and investors, along with innovative strategies in mortgage financing.
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