A STUDY OF RASC SUBPRIME LOAN PREPAYMENTS, DELINQUENCIES, AND LOSSES - Subprime first-lien mortgages are securitized through the Residential Assets Securities Corporation. While they manifest differences with respect to loan age, credit grade, loan-to-value ratio, and vintage, both fixed-rate and adjustable-rate RASC mortgages exhibit positive convexity similar to that of the rest of the subprime ...
| Year of publication: |
2000
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| Authors: | Banerjee, Steve ; Gauthier, Laurent ; Tan, Weisi ; Zhu, Drew |
| Published in: |
The journal of fixed income. - New York, NY : Inst. Investor, Inc., ISSN 1059-8596, ZDB-ID 11161036. - Vol. 10.2000, 3, p. 47-68
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