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economic effects of mortgage securitization. We also assemble descriptive statistics about market size, growth, security … the MBS market and mortgage securitization. …
Persistent link: https://www.econbiz.de/10013161874
repurchase agreements, money market mutual funds, and securitization. Despite significant efforts by lawmakers, regulators, and …
Persistent link: https://www.econbiz.de/10009528777
In this paper, we provide an overview of the subprime mortgage securitization process and the seven key informational … predatory borrowing and predatory lending. We present the key structural features of a typical subprime securitization, document … performance of mortgage pools over time. Throughout the paper, we draw upon the example of a mortgage pool securitized by New …
Persistent link: https://www.econbiz.de/10003781458
We document the emergence of a disconnect between mortgage and Treasury interest rates in the summer of 2003. Following the end of the Federal Reserve's expansionary cycle in June 2003, mortgage rates failed to rise according to their historical relationship with Treasury yields, leading to...
Persistent link: https://www.econbiz.de/10011754373
covered bond market bears a number of similarities to U.S. agency securitization. In this paper we describe the key features …
Persistent link: https://www.econbiz.de/10011857417
We explore the capital structure and governance of a mortgage-insuring securitization utility operating with government … mutualization could address incentive misalignments arising out of securitization and government insurance, as well as how the …
Persistent link: https://www.econbiz.de/10010202677
management, monetary policy, and systemic risk. In this paper, we show that securitization is a key driver of FRM supply. Our … market. Our interpretation is that securitization is particularly important for FRMs because of the prepayment and interest …. -- mortgage finance ; securitization ; regression discontinuity design ; difference-in-differences …
Persistent link: https://www.econbiz.de/10009692614
The COVID-19 pandemic disrupted the asset-backed securities (ABS) market, resulting in higher spreads on ABS and briefly halting the issuance of some ABS. On March 23, 2020, the Federal Reserve established the Term Asset-Backed Securities Loan Facility (TALF) to support the flow of credit to...
Persistent link: https://www.econbiz.de/10012625897
Persistent link: https://www.econbiz.de/10001024579
Persistent link: https://www.econbiz.de/10001031390