Mortgage and Mortgage-backed Securities Markets by Franco Modigliani, Frank J. Fabozzi

Mortgage and Mortgage-backed Securities Markets

Franco Modigliani, Frank J. Fabozzi

300 pages first pub 1992 (editions)

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The U.S. mortgage market, estimated at roughly $3.7 trillion, easily exceeds the values of the U.S. government bond market. Daily trading alone runs in the billions of dollars, and the value of mortgage-backed securities now outstanding is more th...

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