Mortgage-backed securities (MBS) are debt obligations whose cash flows are backed by the principal and interest … payments of pools of mortgage loans, most commonly on residential property (Riddiough, 2001). Lenders establish underwriting … underlying assets for residential mortgage-backed securities. Individuals with strong credit qualify for traditional mortgages …

. Surprisingly, we do not find that residential mortgage-backed securities played a significant role in determining which banks …

. First, it demonstrates that the bubble was a supply-side phenomenon attributable to an excess of mispriced mortgage finance …: mortgage-finance spreads declined and volume increased, even as risk increased—a confluence attributable only to an oversupply … of mortgage finance. Second, it explains the mortgage-finance supply glut as resulting from the failure of markets to …

, securitization and bank risk-taking in a context of the rapid growth in off-balance-sheet activities. The data come from the Canadian … financial sector. Evidence from the 1988-1998 period indicates that: (a) securitization has a negative statistical link with … securitization and bank risk-taking. Profit-risk measure is more sensitive than loss-risk measure to the variation in securitization …

regulation has put major economies in a deep hole. Monetary policy with ease in rates had been ineffective to say the least in … the crisis is that business cycles are for real and here to stay. The securitization of consumer debt magnified the losses …

different combinations of bank asset and funding sources and assess their impact on the mortgage crisis. We then estimate how … distinct strategies have affected bank profitability and risk before the crisis, and what impact they have put on the mortgage … crisis. Our results prove that the asset structure of banks was responsible for the systemic risk before the mortgage crisis …