This paper examines mortgage credit markets and the need for government intervention to protect and advance the public … information asymmetry and principal agent problems, as prominent sources for the US mortgage debacle. While it is beyond the scope … to address information and principal agent issues in the conduct and structure of mortgage markets. As a new framework …

How did pricing for mortgage credit risk change during the years prior to the 2008 financial crisis? Using a database … from a major American bank that served as trustee for private-label mortgage-backed securitized (PLS) loans, this paper … risk factors, FICO score and loan-to-value ratios, have less of an impact on mortgage pricing over time. As the volume of …