This survey asked members for their perspectives on whether a federal guarantee is needed for mortgage-backed securities and what might induce them to invest in MBS without the benefit of a federal guarantee.
On 11 November 2013, 14,767 CFA Institute members with a primary investment practice of Fixed Income and/or those with an occupation of Portfolio Manager were invited via email to participate in an online survey. 393 valid responses were received, for a response rate of 3% and a margin of error of ±4.8%.
The data from this survey will support and inform our advocacy efforts regarding the need for a federal guarantee for the trillion-dollar-plus MBS market. It also will inform the positions that CFA Institute staff will present to legislative and regulatory staff as they consider mortgage market reform this autumn.