securitization on the incidence of mortgage modification and foreclosure based on the early payment default analysis performed by … rates are not the result of contract frictions inherent in the mortgage securitization process. Copyright Springer Science …

. 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 …

financial sector stability) to the fast rise of securitization and the way it has arguably complicated both the conduct of … innovation, specifically through securitization, has altered the nature of some macro-financial linkages, often with considerable … policy implications. We find that securitization activity in the United States (mature market) and South Africa (emerging …

A leading explanation for the lack of widespread mortgage renegotiation is the existence of frictions in the mortgage … securitization process. This paper finds similarly small renegotiation rates for securitized loans and loans held on banks' balance …

This paper argues that making affordable home mortgage loans available to a large cross section of the population will … and mortgage markets in selected Middle East and North Africa (MENA) countries (Algeria, Egypt, Jordan, Morocco, and … growth of alleviating housing shortages by improving access to mortgage financing. …

After a number of warning signs, the U.S. "subprime mortgage crisis" became a headline issue in February 2007 …. Notwithstanding the bankruptcy of numerous mortgage companies, historically high delinquencies and foreclosures, and a significant …

Using several large data sets of mortgage loans originated between 2004 and 2007, we find that in the prime mortgage …. Securitization strategy of lenders changed dramatically in 2007 as the crisis set in with most unwilling to retain higher …

We show that the US residential single-family mortgage-origination market is highly concentrated once account is taken …, and securitization. We develop a network representation of the origination market and demonstrate that it is a small world … post mortgage foreclosure rates as a proxy for performance. Our findings suggest that these significant interlinkages in …