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

Note on the Pricing of Mortgage-Backed Securities

By: Jay O. Light and Jeremy C. Stein
  • Format:Print
  • | Pages:12
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Abstract

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

Keywords

Price; Debt Securities; Mortgages; Financial Services Industry

Citation

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.)
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More from the Authors

    • June 2018
    • Journal of Finance

    The Fed, the Bond Market, and Gradualism in Monetary Policy

    By: Jeremy C. Stein and Adi Sunderam
    • 2016
    • Faculty Research

    Credit-Market Sentiment and the Business Cycle

    By: David Lopez-Salido, Jeremy C. Stein and Egon Zakrajsek
    • September 2015
    • Journal of Financial Economics

    Banks as Patient Fixed-Income Investors

    By: Samuel G. Hanson, Andrei Shleifer, Jeremy C. Stein and Robert W. Vishny
More from the Authors
  • The Fed, the Bond Market, and Gradualism in Monetary Policy By: Jeremy C. Stein and Adi Sunderam
  • Credit-Market Sentiment and the Business Cycle By: David Lopez-Salido, Jeremy C. Stein and Egon Zakrajsek
  • Banks as Patient Fixed-Income Investors By: Samuel G. Hanson, Andrei Shleifer, Jeremy C. Stein and Robert W. Vishny
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