Keys, Benjamin J.; Seru, Amit; Vig, Vikrant - In: Review of Financial Studies 25, 7, pp. 2071-2108
This article examines the link between mortgage securitization and lender screening during the boom and bust of the U.S. housing market. Using comprehensive data on both prime and subprime securitized and bank-held loans, we provide evidence that securitization affected lenders' screening...
