attention to the role of recent innovations such as non-prime mortgage securitization and reverse mortgages. The extent of …

the securitization of assets and the integration of banking with capital market developments. This trend has been most …. Securitization was intended as a way to transfer credit risk to those better able to absorb losses, but instead it increased the …'s securities. In the new, post-crisis financial system, the role of securitization will likely be held in check by more stringent …

mortgages are difficult to securitize. Our analysis exploits plausibly exogenous variation in access to liquid securitization … markets generated by a regulatory cutoff and time variation in private securitization activity. We interpret our findings as … securitization (private versus government-backed) has little effect on FRM supply during periods when private securitization markets …

We explore the capital structure and governance of a mortgage-insuring securitization utility operating with government … mutualization could address incentive misalignments arising out of securitization and government insurance, as well as how the …

economic effects of mortgage securitization. We also assemble descriptive statistics about market size, growth, security … the MBS market and mortgage securitization …