. 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 …

relatively low cost funds, contributing to the expansion of business volume to nearly half of 10 trillion US mortgage market … middle class American. They have two lines of businesses, namely portfolio investment and MBS credit guarantee. US MBS market … Stability Plan announced on February 18, 2009. There are similarities and dissimilarities between the GSE crisis and this …

structure of the large mortgage Government Sponsored Enterprises and the recent increase in risk taking through leverage by …

On November 25, 2008, the Federal Reserve announced it would purchase mortgage-backed securities (MBS). This program … use empirical pricing models for MBS yields and for mortgage rates to measure relative importance of channels: The first … affected mortgage rates through three channels: (1) improved market functioning in both primary and secondary mortgage markets …

a mortgage cohort remembers the level of the previous mortgage rate troughs experienced by the cohort. This is a general … prepayment of a cohort is a dynamic self-selection process that evolves by itself according to the encountered mortgage rate …

profitability and domination of the residential mortgage market. …

profitability and domination of the residential mortgage market. …