Positioning itself for what market players say could become the second largest MBS market, Bear, Stearns & Co. recently rolled out a Japanese prepayment model.

In designing the model, Bear has discovered several characteristics of the Japanese housing market. For example, Bruce Kramer, a Bear managing director, noted that housing turnover is much slower in Japan than here.

Subscribe Now

Access to a full range of industry content, analysis and expert commentary.

30-Day Free Trial

No credit card required. Access coverage of the securitization marketplace, including breaking news updated throughout the day.