Brodie Johnson Merrill Lynch achieved much success . He is often given credit for being an integral part of the development of the Reverse REMIC

1. A Discussion of the TBA Market
With
Brodie Johnson Merrill Lynch

2. Brodie Johnson achieved much
success
● Brodie Johnson achieved much success
during his tenure at Merrill Lynch. Now in
semi-retirement, Johnson engages in some
consulting, as well as in the pursuit of his
own investment strategies.

3. Brodie Johnson is often given
credit for REMIC
● Johnson is often given credit for being an in-
tegral part of the development of the Re-
verse REMIC. As explained by Johnson, “a
technique in which the holder of Collateral-
ized Mortgage Obligations can exchange
certain CMO classes for a Freddie Mac or
Fannie Mae Mortgage-backed Security,
which is eligible for delivery into the To-Be-
Announced (TBA) Market.”

4. TBA Market market is regarded as
Active Market
● TBA market is regarded as one of the most
active in the world, allowing investors to
make trades on mortgage-backed securities
before the bonds are in their possession.

5. The introduction of this technique
● “The introduction of this technique,” says Johnson,
“was a significant step in restoring liquidity to the
CMO market following the financial crisis of 2008.”
● While at Merrill Lynch, Brodie Johnson’s residual
trading desk achieved more than $150 million in
profit, and initiated strategies that used REMIC
residuals. In terms of the preservation of tax
benefits, customers saved at least $400 million by
preserving benefits which would have otherwise
expired.

6. Brodie Johnson was an honors
Graduate
● Brodie Johnson was an honors graduate of
Amherst College before joining Merrill
Lynch. A double major in English and Philo-
sophy, respectively, Johnson graduated
Amherst in 1980. He continues to pursue a
strong interest in matters of philosophy, reli-
gion, wine and more, rarely hesitating to
take advantage of an opportunity to re-
search, read or write on subject matter that
captures his intellectual curiosity.

7. Visit Social Profiles of Brodie
Johnson Merrill Lynch
● Wordpress: https://brodiejohnsonmerrilllynch1.wordpress.com/
● Crunchbase:
https://www.crunchbase.com/person/brodie-johnson-merrill-lynch
● Medium: https://medium.com/@brodiejohnsonmerrilllynch/
● Behance: https://www.behance.net/brodiejohnsonmer
● Tumblr: https://brodiejohnsonmerrilllynch.tumblr.com/
● Github: https://github.com/BrodieJohnsonMerrillLynch

8. Thank You
●