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FRBNY Economic Policy Review / May 2013 1 TBA Trading and Liquidity in the Agency MBS Market 1. Introduction he U.S. residential mortgage market has experienced significant…

Economy & Finance MBS Novation: The Path to Modernization of a $100 Trillion Trading Market (2013)

1. MBS Novation: The path to modernization of a $100 trillion trading market 2. MBS NOVATION: THE PATH TO MODERNIZATION OF A $100 TRILLION TRADING MARKET | EXECUTIVE SUMMARY…