We study the effects of securitization on renegotiation of distressed residential mortgages over the current financial …-modification default rates by 9% (3.5% in absolute terms). Our findings support the view that frictions introduced by securitization create …

We survey the literature on securitization and lay out a research program for its open questions. Securitization is the … markets. Securitization has grown from a small amount in 1990 to a pre-crisis issuance amount that makes it one of the largest … recent financial crisis. Nevertheless, despite the transformative effect of securitization on financial intermediation, the …

We study the effects of securitization on renegotiation of distressed residential mortgages over the current financial … rates (3.5% in absolute terms). Our findings support the view that frictions introduced by securitization create a …

We survey the literature on securitization and lay out a research program for its open questions. Securitization is the … markets. Securitization has grown from a small amount in 1990 to a pre-crisis issuance amount that makes it one of the largest … of the recent financial crisis. Nevertheless, despite the transformative effect of securitization on financial …

. The paper explores the conflicts in the securitization framework and assesses the potential impact quantitative risk …

mortgages. Then, I analyze the process of securitization, as used in corporate finance to raise funding, and explain how these …

We study the effects of securitization on renegotiation of distressed residential mortgages over the current financial …-modification default rates by 9% (3.5% in absolute terms). Our findings support the view that frictions introduced by securitization create … ; household finance ; mortgages ; securitization …

.S.In highlighting the differences between shadow banking in the EU and the U.S., this paper focuses on the repo markets, securitization …

We study the effects of securitization on renegotiation of distressed residential mortgages over the current financial …-modification default rate by 9% (3.5% in absolute terms). Our findings support the view that frictions introduced by securitization create …