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 …

We study the determinants of the subprime mortgage loan spread, with a particular focus on funding liquidity and … default-liquidity interaction effects. We find that sector-level as well as macro funding liquidity provision affected … subprime loan rates, explaining a significant portion of the variation in spreads. Liquidity conditions just prior to loan …

Due to the significant share of mortgage loans in the portfolio structure of a large number of commercial banks … that deals with the causes of non-performance of mortgage loans and the impact of lending standards on reducing systemic …

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 …

This study examines the relationship between securitization and loan performance using proprietary loan-level data from … retained on the bank's balance sheet, suggesting no adverse selection or moral hazard within the Chinese securitization market … alters banks' business model and eliminates other options of credit risk transfer except for securitization, we show worse …

This paper proposes a novel measure of financial fragility for shadow bank mortgage lenders and investigates its …

There are two purposes of this article. Firstly, it examines the consequences for stakeholders, if the mortgage …

soft information in mortgage securitization can impose a substantial cost on mortgage servicing, which raises important …Tracking a sample of modified loans underlying private-label mortgage-backed securities, I compare the modification …