Executive Director, Securitized Products Research
About the Contributor
Miklós Vörös is an Executive Director, leading a team implementing and improving collateral and valuation models in the US Agency, and European Securitization space. Miklós holds an MSc in computational physics, from Budapest University of Technology and Economics.
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Blog posts by Miklós Vörös
Higher Agency Loan-Size Limit: A Booster Shot in ARMs?Jan 10, 2022 László Ábel Somlai , Miklós Vörös , Yihai Yu
Securitizations for U.S. agency adjustable-rate mortgages have declined since the 2008 global financial crisis. But could a loan-limit increase by the government-sponsored enterprises, boost issuance of agency-ARM mortgage-backed securities?
In 2020, the Federal Reserve’s purchases of mortgage-backed securities, low interest rates, mortgage-underwriting policy changes and technology advancements led to a historic refinance frenzy and posed an unprecedented challenge for MBS risk management.