TBA Trading and Liquidity in the Agency MBS Market

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Disagreement and asset prices. (2014, unknown): “According to Vickery and Wright (2010), this convention simplifies trade, but also ameliorates asymmetric information conflicts in the MBS market, leading to higher agency MBS liquidity.”
The ins and outs of LSAPs (2013, methodology): “This structure has evolved in the MBS market because it allows for liquidity out of a heterogenous pool of underlying mortgage loans (see Vickery and Wright 2010).”
How Quantitative Easing Works: Evidence on the Refinancing Channel (2016, unknown): “20 A key feature of the Agency MBS market is the existence of this highly liquid forward market, through which more than 90% of Agency MBS trading volume occurs and which consists predominantly of newly originated mortgages (Vickery and Wright, 2013), with trading volumes on the order of $200 billio”
Consumer-lending discrimination in the FinTech Era (2019, background): “In a recent working paper, Willen and Zhang (2020) revisit the conclusions of Bhutta and Hizmo (2020) using the 2018–2019 HMDA data merged with Optimal Blue.”