Lunch Talk: (@Yale) History of the Mortgage Market

Professor Geanakoplos describes securitization and trenching of mortgage pools, the role of investment banks and hedge funds, and the evolution of the prime and subprime mortgage markets. He also discusses agent based models of prepayments in the mortgage market.

00:00 - Chapter 1. Fannie Mae, Freddie Mac, and the Mortgage Securities Market
17:01 - Chapter 2. Collateralized Mortgage Obligations
22:44 - Chapter 3. Modeling Prepayment Tendencies at Kidder Peabody
35:40 - Chapter 4. The Rise of Ellington Capital Management and the Role of Hedge Funds
52:52 - Chapter 5. The Leverage Cycle and the Subprime Mortgage Market
01:13:51 - Chapter 6. The Credit Default Swap
01:18:36 - Chapter 7. Conclusion


tags: lunchtalk, innovation, invention, finance, risk, growth