Background Note | HBS Case Collection | January 1987 (Revised March 1989)

Note on the Pricing of Mortgage-Backed Securities

by Jay O. Light and Jeremy C. Stein


An introduction to mortgage-backed securities, prepayment risk, and their market pricing.

Keywords: Price; Debt Securities; Mortgages; Financial Services Industry;


Light, Jay O., and Jeremy C. Stein. "Note on the Pricing of Mortgage-Backed Securities." Harvard Business School Background Note 287-060, January 1987. (Revised March 1989.)