Macro Matters: BI’s Adelberg on Housing, MBS and Prepay Risk
Housing affordability, mortgage-market modernization and changing refinance behavior are reshaping the outlook for mortgage-backed securities. Erica Adelberg, Bloomberg Intelligence MBS strategist, joins Ira Jersey, BI chief US interest-rate strategist, on...
By Mariam Traore · Bloomberg
Housing affordability, mortgage-market modernization and changing refinance behavior are reshaping the outlook for mortgage-backed securities. Erica Adelberg, Bloomberg Intelligence MBS strategist, joins Ira Jersey, BI chief US interest-rate strategist, on this edition of the FICC Focus podcast, Macro Matters. Adelberg discusses how new credit-score models and lender choice could expand mortgage access while also complicating prepayment and credit analysis for MBS investors. The two also examine