Krainer, John; Laderman, Elizabeth - In: Journal of Financial Services Research 45 (2014) 1, pp. 39-66
We compare the ex ante observable risk characteristics, the default performance, and the pricing of securitized mortgage loans to mortgage loans retained by the original lender. In our sample of loans originated between 2000 and 2007, we find that privately securitized fixed and adjustable-rate...
