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Persistent link: https://www.econbiz.de/10011591657
We expand the debate on incentives embedded in the originate-to-distribute lending model by presenting evidence on the placement of mortgage-backed securities (MBS) with mutual funds. We do so by capitalizing on a unique testing platform encompassing institutional holdings of private-label MBS...
Persistent link: https://www.econbiz.de/10012858935
We expand the debate on incentives embedded in the originate-to-distribute lending model by presenting evidence on the placement of mortgage-backed securities (MBS) with mutual funds. We do so by capitalizing on a unique testing platform encompassing institutional holdings of private-label MBS...
Persistent link: https://www.econbiz.de/10012842178
Persistent link: https://www.econbiz.de/10001252956
We show, using a stylized model, how the financing choice of landlords can impact eviction decisions in rental markets. Since multifamily loans rely on timely cash flows from tenants, strict underwriting factors can increase the chances that landlords are able to weather income shocks. Lender...
Persistent link: https://www.econbiz.de/10013228127
We present novel evidence showing how the financing choice of landlords impacts eviction decisions in rental markets. Since multifamily loans rely on timely rental payments, strict underwriting factors can increase the chances that landlords withstand income shocks. Lender provided relief may...
Persistent link: https://www.econbiz.de/10013213266
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We investigate how information choices impact equity returns and risk. Building on an existing theoretical model of information and investment choice, we estimate a learning index that reflects the expected benefits of learning about an asset. High learning index stocks have lower future returns...
Persistent link: https://www.econbiz.de/10014355075