the CRT programs have been successful in reducing the exposure of the federal government to mortgage credit risk without … disrupting the liquidity or stability of mortgage secondary markets. In the process, the programs have created a new financial … market for pricing and trading mortgage credit risk, which has grown in size and liquidity over time. The CRT programs …

covered bond market bears a number of similarities to U.S. agency securitization. In this paper we describe the key features … of the Danish mortgage finance system and compare and contrast it to the U.S. system. We also note characteristics of the … Danish model that may be of interest as the United States considers further mortgage finance reform. In particular, the …

We study how intermediaries-mortgage servicers-shaped the implementation of mortgage forbearance during the COVID-19 … increased mortgage nonpayment but also reduced delinquencies outside of forbearance. Part of the liquidity from forbearance was …

this model are consistent with preserving the 'to-be-announced,' or TBA, market - particularly if the fixed-rate mortgage …

In this paper, we provide an overview of the subprime mortgage securitization process and the seven key informational … predatory borrowing and predatory lending. We present the key structural features of a typical subprime securitization, document … how rating agencies assign credit ratings to mortgage-backed securities, and outline how these agencies monitor the …