Drivers of mortgage spreads across the business and housing cycle

H Fout, D Duncan - The Journal of Structured Finance, 2020 - jsf.pm-research.com
We provide a review of the underlying drivers of mortgage spreads at various points of the
housing and economic cycle, with an in-depth look at the spreads between the mortgage …

Demand for Agency MBS in the Era of the Fed Balance Sheet Unwind

D Duncan, OT Velz - The Journal of Structured Finance, 2019 - pm-research.com
Since the Federal Reserve signaled plans to gradually pare down its holdings of Treasuries
and agency debt and mortgage-backed securities (MBS) accumulated in the aftermath of the …