In this engaging discussion, Eric Atlas, Head of US Residential Debt at Man GPM, delves into residential debt as a crucial income stream. He highlights the significance of mortgage securities for insurers, explaining the differences between direct mortgages and pass-through securities. Atlas navigates the shifting landscape of agency versus non-agency mortgages and the implications for credit risks. The conversation also touches on the importance of collaboration in private market financing, finished off with a light-hearted banter about sports rivalries.