The MUFG Global Markets Podcast
Business
What does royalty have to do with MBS prepayment?: The MUFG Global Markets Podcast
In this episode MUFG Head of Prepayment Modeling and Strategy Glenn Schultz discusses the transition of the mortgage prepayment landscape to one dominated by turnover and burnout rather than refinancing. He discusses why he believes that turnover will become the dominant theme in 2022. He takes a balanced look at the specified pool sector, identifying the ‘Kings of extension protection” and “Princes of call protection.” Finally, he discusses his views on the recent widening trend in the current coupon basis.
Disclaimer: www.mufgresearch.com (PDF)
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