performance. Nevertheless, the effect of residential mortgage loans securitization on bank risk appeared to be negative after the … crisis, indicating that the securitization of this type of credit can reduce the bank risk in the detriment of a lower profit …

that there is a large re-securitization rate distinction between AAA- and non AAA-rated tranches. Less than 1% of AAA …

Asset-backed securitization transactions that are structured to achieve a true sale of the underlying assets, i.e. a … legal change of ownership, are usually performed “non-recourse.” However, many securitization transactions show signs of … that occurs when financial intermediaries sell theirs assets. Implicit recourse in securitization transactions might also …

We evaluate lenders' incentives to mitigate credit default risk through pricing or securitization. Exploiting exogenous … policy, foreclosure law provokes a 4.5% increase in securitization rates but does not affect interest rates. For non … through the use of securitization but causes a 625 basis point increase in interest rates. The results highlight how the GSEs …