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Mortgage Float

Introduction One way of assessing the liquidity for a particular MBS coupon is to calculate its float, the amount that is free to trade....

Non-banks in the Mortgage Market

Introduction It's hardly an overstatement to say that the institutional type of mortgage originators and servicers is playing a crucial...

A Close Look at the GSE Cash Window

Introduction to the Cash Window There are two methods for securitizing loans in Agency GSE MBS: swapping loans for a security (Swap) or...

A Close Look at Appraisal Waivers

Property Valuation Data from the GSEs Among the relief measures rolled out by housing regulators in responding to the coronavirus...

An Introduction to MachineSP

The Problem The US has one of the largest and most developed mortgage markets in the world with nearly two-thirds of all households...