I am Interviewing for the position of MBS Analyst.What i need to prepare for the interview.What kind of questions I can get.Thanks in advance

Common guys there is nobody in the forum who can give me some tips

What level is the position? Entry level, experienced? Buy side, sell side?

Know how mortgages work: fixed rate, hybrid, ARM, etc. Know the reasons why homeowners prepay their loans. Understand how the borrower's right to prepay means that an MBS has negative convexity. Be able to explain how you can make money by delta hedging a negatively convex position. Know the big sectors in the MBS market: agency pass-throughs, CMOs (both agency and non-agency), derivatives (inverse floaters, IO, PO). Know the terminology: average life, WAC, WAM, WALA, OAS. You can find all this stuff in the first few chapters of Fabozzi's 800-page handbook of MBS, available online and in most Barnes and Noble stores.

A typical question: will a GNMA reporforming pool ever trade lower than a FNMA pool with the same coupon? Why or why not?

I just PM u