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An analysis of the potential competitive impacts of Basel II capital standards on U.S. mortgage rates and mortgage securitization
Hancock, Diana; Lehnert, Andreas; Passmore, Wayne; … - Federal Reserve Board (Board of Governors of the … - 2005
Persistent link: https://www.econbiz.de/10005360705
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Securitization and the fixed-rate mortgage
Fuster, Andreas; Vickery, James - Federal Reserve Bank of New York - 2013
Fixed-rate mortgages (FRMs) dominate the U.S. mortgage market, with important consequences for household risk … freezes, the share of FRMs is sharply higher among mortgages eligible to be securitized through the still-liquid agency MBS … rate risk embedded in these loans. We highlight policy implications for ongoing reform of the U.S. mortgage finance system. …
Persistent link: https://www.econbiz.de/10010604287
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Opening remarks at The Spread between Primary and Secondary Mortgage Rates: Recent Trends and Prospects Workshop
Dudley, William C. - Federal Reserve Bank of New York - 2012
Remarks at The Spread between Primary and Secondary Mortgage Rates: Recent Trends and Prospects Workshop, New York City.
Persistent link: https://www.econbiz.de/10010724956
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Testimony on housing finance reform: essential elements of a government guarantee for mortgage-backed securities
Tracy, Joseph S. - Federal Reserve Bank of New York - 2013
Testimony before the U.S. Senate Committee on Banking, Housing and Urban Affairs, Washington, D.C.
Persistent link: https://www.econbiz.de/10010725003
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MBS ratings and the mortgage credit boom
Ashcraft, Adam; Goldsmith-Pinkham, Paul; Vickery, James - Federal Reserve Bank of New York - 2010
underperformance (high mortgage defaults and losses and large rating downgrades) among deals with observably higher risk mortgages …
Persistent link: https://www.econbiz.de/10008493882
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The capital structure and governance of a mortgage securitization utility
Mosser, Patricia C.; Tracy, Joseph; Wright, Joshua - Federal Reserve Bank of New York - 2013
We explore the capital structure and governance of a mortgage-insuring securitization utility operating with government reinsurance for systemic or “tail” risk. The structure we propose for the replacement of the GSEs focuses on aligning incentives for appropriate pricing and transfer of...
Persistent link: https://www.econbiz.de/10011027203
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TBA trading and liquidity in the agency MBS market
Vickery, James; Wright, Joshua - Federal Reserve Bank of New York - 2010
Most mortgages in the United States are securitized through the agency mortgage-backed-securities (MBS) market. These … liquidity, leading to lower borrowing costs for households. Evaluation of potential reforms to the U.S. housing finance system …
Persistent link: https://www.econbiz.de/10008643781
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Which Way to Recovery? Housing Market Outcomes and the Neighborhood Stabilization Program
Schuetz, Jenny; Spader, Jonathan; Buell, Jennifer Lewis; … - Federal Reserve Board (Board of Governors of the … - 2015
To help communities recover from the foreclosure crisis, Congress enacted a set of policies known as the Neighborhood Stabilization Program (NSP). NSP's objective was to mitigate the impact of foreclosures on neighboring properties, through reducing the stock of distressed properties and...
Persistent link: https://www.econbiz.de/10011273696
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The asset-correlation parameter in Basel II for mortgages on single-family residences
Calem, Paul S.; Follain, James R. - Federal Reserve Board (Board of Governors of the … - 2003
Persistent link: https://www.econbiz.de/10005360706
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Beyond the transaction: depository institutions and reduced mortgage default for low-income homebuyers
Ergungor, Ozgur Emre; Moulton, Stephanie - Federal Reserve Bank of Cleveland - 2011
We evaluate the effects of the lending institution and soft information on mortgage loan performance for low-income homebuyers. We find that even after controlling for bank selection, those who receive a loan from a local bank are significantly less likely to become delinquent or default than...
Persistent link: https://www.econbiz.de/10009292982