Valuation of GNMA mortgage‐backed securities
KB Dunn, JJ McConnell - The Journal of Finance, 1981 - Wiley Online Library
ABSTRACT GNMA mortgage‐backed pass‐through securities are supported by pools of
amortizing, callable loans. Additionally, mortgagors often prepay their loans when the …
amortizing, callable loans. Additionally, mortgagors often prepay their loans when the …
Mortgage prepayments: Past and present
A Dickinson, A Heuson - Journal of Real Estate Literature, 1994 - meridian.allenpress.com
Over the past two decades, research into the economic reasons why borrowers prepay their
mortgage loans has matured into a coherent body of work that has a sound theoretical …
mortgage loans has matured into a coherent body of work that has a sound theoretical …
The estimation of mortgage prepayment rates
FJ Navratil - Journal of Financial Research, 1985 - Wiley Online Library
This paper uses a model in which prepayment rates on large pools of mortgages are a
function of the differential between the prevailing market rate for mortgages and the contract …
function of the differential between the prevailing market rate for mortgages and the contract …
Investment performance of credit risk transfer securities (crts): The early evidence
C Gao, JJ McConnell - The Journal of Fixed Income, 2018 - search.proquest.com
Credit risk transfer (CRT) securities were introduced by Fannie Mae and Freddie Mac in
2013. As of the end of 2017, in combination, the two government sponsored housing …
2013. As of the end of 2017, in combination, the two government sponsored housing …
[BOOK][B] The Detection and Control of Systematic Prepayment Risk in Mortgage-backed Securities
NJ Lacey - 1985 - search.proquest.com
The objective of this study is to analyze the prepayment option contained in mortgage-
backed securities. The mortgage-backed security has characteristics which are similar to …
backed securities. The mortgage-backed security has characteristics which are similar to …
[PDF][PDF] Secondary Mortgage Market Purchase Yields
AJ Heuson, A Schwartz, VC Slawson Jr - 2002 - Citeseer
In this paper we evaluate 15-year and 30-year mortgage origination yields in the secondary
mortgage from 1985-2001. We regress house price volatility estimates and readily available …
mortgage from 1985-2001. We regress house price volatility estimates and readily available …
[CITATION][C] Why do GNMAs yield more than Treasuries?
TM Clauretie - The Journal of Portfolio …, 1982 - Institutional Investor Journals …