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There are two purposes of this article. Firstly, it examines the consequences for stakeholders, if the mortgage …
Persistent link: https://www.econbiz.de/10013082321
In Australia, the term “residential mortgage-backed securities” (RMBSs) denotes debt securities, which are secured, in … trustee companies is unique to the Australian RMBS programs.In a typical residential mortgage securitisation program, a … housing loan provider, generally referred to as the originating bank or the mortgage originator, “pools” selected housing …
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process, namely “residential mortgage securitisation,” provides the focus for this article …
Persistent link: https://www.econbiz.de/10013082323
Securitisation is the process by which a credit institution – either a bank or an independent mortgage provider (IMP … (e.g. a residential mortgage loan, credit card receivable, or motor vehicle lease) is transformed into a tradeable, more …
Persistent link: https://www.econbiz.de/10013082326
The mortgage foreclosure crisis raises legal questions as important as its economic impact. Questions that were … straightforward and uncontroversial a generation ago today threaten the stability of a $13 trillion mortgage market: Who has standing … transferring those rights. Historically, mortgage title was established and transferred through the “public demonstration” regimes …
Persistent link: https://www.econbiz.de/10013036380
We provide novel evidence that bank branching deregulation increased securitization in the lead up to the financial crisis. The exogenous state-specific removal of interstate branching restrictions increases the probability that 1) a bank operates an "originate to distribute" model by 7%, and 2)...
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We assess the credit market impact of allowing mortgage "strip-down" as a foreclosure-prevention measure, where strip …-term reduction in mortgage interest rates and a small, short-term increase in mortgage approval rates, but no long-term effects, and … the circuit court decisions did not consistently affect mortgage terms. These results suggest that strip-down would be an …
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