Sharad Chaudhary

Oct 23, 20206 min read

Mortgage Float

Introduction One way of assessing the liquidity for a particular MBS coupon is to calculate its float, the amount that is free to trade....

Sharad Chaudhary

Sep 14, 20205 min read

Non-banks in the Mortgage Market

Introduction It's hardly an overstatement to say that the institutional type of mortgage originators and servicers is playing a crucial...

Sharad Chaudhary

Aug 21, 20203 min read

A Close Look at the GSE Cash Window

Introduction to the Cash Window There are two methods for securitizing loans in Agency GSE MBS: swapping loans for a security (Swap) or...

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Sharad Chaudhary

Apr 14, 20205 min read

Mortgage Delinquency, Forbearance and COVID-19

Introduction The economic destruction unleashed by the COVID-19 pandemic has lead to a surge in the unemployment rate which in turn will...

Sharad Chaudhary

Mar 28, 20203 min read

A Close Look at Appraisal Waivers

Property Valuation Data from the GSEs Among the relief measures rolled out by housing regulators in responding to the coronavirus...

Sharad Chaudhary

Mar 20, 20203 min read

An Introduction to MachineSP

The Problem The US has one of the largest and most developed mortgage markets in the world with nearly two-thirds of all households...