players in RMBS securitization at the center of the U.S. housing and financial crisis. Underwriting banks facilitated wide …

securitization. Combining a nationwide mortgage data with a real estate transaction data and using a difference … in private securitization where lenders sell mortgages with higher appraisal inflation to MBS investors and keep …

Does securitization distort the foreclosure decisions of non-performing mortgages? In a model of mortgage …-backed securitization with an endogenous foreclosure policy, we find that the securitizing bank adopts a tougher foreclosure policy than the … problem in securitization by making the optimal security, a risky debt, less information-sensitive. We further show that …

In this paper, we provide an overview of the subprime mortgage securitization process and the seven key informational … predatory borrowing and predatory lending. We present the key structural features of a typical subprime securitization, document … Century Financial during 2006. -- Subprime mortgage credit ; securitization ; rating agencies ; principal agent ; moral hazard …