Bill Berliner is Director of Analytics for Mortgage Capital Trading. He has over 34 years of experience in mortgage and MBS Research, Trading, and Operations, beginning in the back office of Bear, Stearns in 1985. He joined Countrywide Securities as a CMO trader in 1996 and eventually was head of the Trade Strategies Group, responsible for the firm’s research publications and articles. After leaving Countrywide, he served as a consultant focusing on risk management and asset valuation and joined MCT in early 2017. He has co-authored two editions of a textbook on MBS with Frank Fabozzi and Anand Bhattacharya and has written or co-written almost twenty book chapters and articles. He is also the holder of a patent (US10311517) for "Exchange Traded TBA Options." Bill has a BA in Communications and an MBA in Finance from Rutgers University.