residential mortgage-backed securities (RMBS) in the U.K. There is an important implication of our findings for the current debate …

the subsequent monitoring phase. Using a record of monthly credit rating migration data on all U.S. residential mortgage …

This paper investigates the relationship between securitization activity and the extension of subprime credit. The … the years 2003-2005. Second, the securitization of subprime loans increased substantially over the same time period … securitization activity of investment banks was driven by forces exogenous to factors impacting lending decisions in the primary …

Does securitization distort the foreclosure decisions of non-performing mortgages? In a model of mortgage … securitized mortgages. Our model yields novel testable predictions on the effect of mortgage securitization on foreclosure rates …-backed securitization with an endogenous foreclosure policy, we find that the securitizing bank adopts a tougher foreclosure policy than the …

securitisers raise liquidity by jointly designing the mortgage-backed security and the foreclosure policy, the authors find that … foreclosure decisions to mortgage servicers who are intrinsically “tough" or offer the servicers “biased" servicing contracts …. Policies that aim to restore ex post efficient foreclosures may inadvertently reduce mortgage originators' screening effort …

We examine the payoff performance, up to the end of 2013, of non-agency residential mortgage-backed securities (RMBS …), issued up to 2008. We have created a new and detailed data set on the universe of non-agency residential mortgage backed …

We examine the link between issuer reputation and mortgage-backed security (MBS) performance using a sample of 4 …

This paper proposes a novel measure of financial fragility for shadow bank mortgage lenders and investigates its …

The destabilization of the economic situation led to a decline in the volume of transactions on the mortgage market …

The application, or to be more precise, the misapplication of securitization in the mortgage market had fatal … consequences for the financial sector worldwide. More over securitization techniques enabled single banks to reduce their … financial system. In particular, securitization and related credit risk transfer products were adequately treated neither in …