Fannie Mae Mock Interview
Practice 31 Fannie Mae interview questions covering mortgage finance, risk assessment, and GSE operations.
Question 15 of 31
What experience do you have working with mortgage-backed securities?
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Rachel Hills Lowe is a PR and Communications Professional with experience interviewing candidates for copywriting, marketing, and communications positions.
Mortgage-backed securities (MBS) are a key concept that is central to Fannie Mae's work. Regardless of which role you have applied to, make sure you have at least a basic understanding of the concept and Fannie Mae's relationship to it. MBS are assets that are secured, or backed by, home loans and other kinds of real estate loans. Fannie Mae divides mortgage-backed loans up by tranche and then sells them on the open market. You may have encountered these types of securities in previous roles, or you might not have worked with them at all. Either is OK, so long as you demonstrate that you've done your homework and can speak confidently about MBS and other industry-relevant concepts.
Rachel Hills Lowe is a PR and Communications Professional with experience interviewing candidates for copywriting, marketing, and communications positions.
"In my previous role in banking, we frequently worked with mortgage-backed securities when clients took out a loan to buy a home. After administering the loan, we sold mortgage-backed securities to investors at a discounted rate. I understand that this product is central to Fannie Mae's work in securitizing mortgage loans. I'm personally fascinated by these products and am excited to bring the experience I already have in this space to Fannie Mae ."
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