Helped need with mortgage backed security interview

College Majors Business Majors
1

<p>I’m having an interview with Freddie Mac next week. The internship is about trading mortgage backed securities. Anyone has a clue about what questions they would ask? What’re the risks of mortgage backed securities and how are they related to interest rate?</p>

<p>Any help is appreciated.</p>

2

<p>I wouldn’t expect them to ask you highly detailed questions so just a broad overview should help. I haven’t included anything on mortgage derivatives (IOs, POs etc) but if you need that then I can post resources on that as well. Here are a few from Pimco:</p>

<p><a href=“Insights | PIMCO”>Insights | PIMCO;
<a href=“Insights | PIMCO”>Insights | PIMCO;

<p>Another primer: <a href=“http://www.finpipe.com/mbs.htm[/url]”>http://www.finpipe.com/mbs.htm&lt;/a&gt;&lt;/p&gt;

<p>Decent wikipedia article as well: <a href=“http://en.wikipedia.org/wiki/Mortgage-backed_security[/url]”>http://en.wikipedia.org/wiki/Mortgage-backed_security&lt;/a&gt;&lt;/p&gt;

3

<p>Thanks so much mahras2!</p>

<p>However, I just received a call. My interview got cancelled. Freddie Mac people misread my resume and thought I was a third year. I’m actually only a second year. Considering they only took 7 candidates from 150+ pool, it’s definitely a confidence booster for me. I still have an interview with Blackrock though.</p>

4

<p>Good luck with blackrock. Are you trying out for an investment analyst intern there?</p>

5

<p>Untilted> You welcome. Good luck with BlackRock.</p>

6

<p>yea, I seen that on their website.</p>