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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.)

About The Author

Jay O. Light

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