in subprime private-label mortgage-backed securities (PLS), influenced the risk characteristics and prices of the deals … and Freddie Mac purchased securities included separate mortgage pools: one specifically created for the GSEs and one or … and Freddie Mac had similar ex-ante risk characteristics but performed much better ex-post relative to other mortgage …

We expand on the standard commercial mortgage default model and create a new model by looking beyond the usual factors …

for housing, low interest rates, innovations in mortgage lending and securitization, and a breakdown in credit quality …The US financial system is undergoing a painful restructuring as credit losses originating in the mortgage finance …

This paper examines the contrasting influence of portfolio lending and securitization in the resolution of distressed … commercial mortgage market …

evidence for adverse selection. The effect of securitization is strongest for prime mortgages, which have not been studied …