covered bond market bears a number of similarities to U.S. agency securitization. In this paper we describe the key features … of the Danish mortgage finance system and compare and contrast it to the U.S. system. We also note characteristics of the … Danish model that may be of interest as the United States considers further mortgage finance reform. In particular, the …

We develop a framework to explore the effect of credit ratings on loan origination and securitization. In the model …

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 …

Virtually no attention has been paid to the problem of cyclicality in debates over access to mortgage credit, despite … its importance as a driver of tight credit. Housing markets are prone to booms accompanied by bubbles in mortgage credit … artificially impede access to mortgage credit for underserved communities. During upswings, these cycles make homeownership …

We investigate whether the securitization of corporate loans affected banks' lending standards. We find that during the …

Between 2001 and 2007, the complexity of commercial mortgage-backed securities (CMBS) increased substantially. The … median size of commercial mortgage loan pools tripled and the median number of AAA-rated tranches doubled. I examine whether … deal complexity is related to loan performance by analyzing a sample of approximately 40,000 commercial mortgage loans from …

The Dodd-Frank Act requires securitization sponsors to retain not less than a 5% share of the aggregate credit risk of … seemed to accelerate the securitization of originated loans during the months immediately before the rules took effect …

separately considers mortgage and non-mortgage securitization, conducts a discrete analysis of regulatory changes in … recommendations to help support the positive dynamics of mortgage lending and securitization development in the Russian Federation. …Purpose: The study is aimed not only at determining the current state of the bank asset securitization market but also …

resolution of the mortgage arrears crisis in Ireland. Using a large and close to exhaustive panel data set of Irish mortgages … legacy effects of the crisis in explaining recent entry to arrears, the role of mortgage modification in the reduction in … Irish mortgage market. …