-sponsored enterprises (GSEs): Fannie Mae and Freddie Mac, and a government owned enterprise, Ginnie Mae, that buy mortgages and securitize … them and sell the securities or debt backed by mortgages (or mortgage-backed securities) in the bond markets. The purpose … mortgages. …

in the transition process. We first introduce a new measure of trust between firms: the level of prepayment demanded by …

This paper documents large differences in mortgage prepayment behavior across racial and ethnic groups in the United … white borrowers have significantly lower prepayment rates compared with Non-Hispanic white borrowers, holding income, credit … in market interest rates, and was particularly pronounced during QE1. Differences in prepayment speeds result in large …

termination via prepayment or default affects optimal risk-sharing. The broad conclusion of the analysis is that potential …

termination via prepayment or default affects optimal risk-sharing. The broad conclusion of the analysis is that potential …

This paper documents large differences in mortgage prepayment behavior across racial and ethnic groups in the United … white borrowers have significantly lower prepayment rates compared with Non-Hispanic white borrowers, holding income, credit … in market interest rates, and was particularly pronounced during QE1. Differences in prepayment speeds result in large …