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Federal Reserve Bank of Philadelphia Consumer Finance Institute: 'Mortgage-Backed Securities'
March 29, 2025
PHILADELPHIA, Pennsylvania, March 29 -- The Federal Reserve Bank of Philadelphia's Consumer Finance Institute issued a working paper in March 2025 entitled "Mortgage-Backed Securities."

This Philadelphia Fed working paper, published in March 2025, reviews the mortgage-backed securities (MBS) market, with a focus on agency residential MBS in the United States. The authors discuss the institutional environment, security design, MBS risks and asset pricing, and the econo . . .

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