Nadauld, Taylor D.; Sherlund, Shane M. - 2009 - This draft: April 2009
: April 2009
Abstract
We analyze the structure and attributes of subprime mortgage-backed securitization deals … house price
appreciation. Increased demand from the secondary mortgage market for these types of loans
appears to have … facilitated easier credit in the primary mortgage market. To test this hypothesis,
we identify an event which represents an …