Patti, Emilia Bonaccorsi di; Felici, Roberto - Banca d'Italia - 2008
ex post risk between mortgages that have subsequently been securitized and those that have not. The main results are …: variable rate contracts proved to be more risky than fixed rate contracts; the difference is larger for mortgages issued at the …, resident in the South or immigrants from non-EU countries; non-securitized mortgages were more likely to run into difficulties …