Kolari, James W.; Fraser, Donald R.; Anari, Ali - In: Real Estate Economics 26 (1998) 4, pp. 677-693
Securitization of the residential mortgage market has completely transformed the process of financing home loans in the U.S. over the last two decades. We examine the effects of securitization on yield spreads in the primary mortgage market. Cointegration techniques are employed to test the...
