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This paper provides new insights into the nature of loan securitization. We analyze the use of collateralized loan obligation (CLO) transactions by European banks from 1997 to 2004 and try to identify the influence that various firm-specific and macroeconomic factors may have on an institution's...
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60% of US mortgage market. Exploiting within-servicer variation in this data, we find that bank-held loans are 26% to 36 …
Persistent link: https://www.econbiz.de/10013131514
Limbo loans are defined as delinquent mortgage loans that have not progressed to resolution. We utilize a unique legal … impairment of property rights explains both the likelihood and longevity of delay. We find that the presence of the Mortgage …
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We estimate a competing risk model of mortgage terminations on samples of UK securitised subprime mortgages. Given the … issues involving initial mortgage choices and dynamic selection over time. We estimate the characteristics of the unobserved …
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% of the U.S. mortgage market. Exploiting within-servicer variation in these data, we find that bank-held loans are 26% to …
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