We study how deposit competition affects a bank’s decision to securitize mortgages. Exploiting the state …-specific removal of deposit market caps across the US as a source of competition, we find a 7.1 percentage point increase in the … probability that banks securitize mortgage loans. This result is driven by an 11 basis point increase in deposit costs and …

mortgage providers but the largest bank shifted the Dutch mortgage market from a competitive to a collusive price leadership … equilibrium. In May 2009, mortgage rates in The Netherlands suddenly rose against the decreasing funding cost trend to almost a …, and estimate response adjustments in cointegrating equations on a large data set of daily mortgage rates 2004 …

amongst mortgage lenders and adds the idea of lender competition into this framework. Despite this addition, the results are … loans, selling most of their mortgages and making less profit off each mortgage while concentrated lenders do the opposite …. When lenders are rational and face potential competition, they are able to use the bidding process as a means of generating …

the late-2000s. For example, models that assigned credit ratings to mortgage-backed securities (MBS) predicted relative … break models. Behavioural research has demonstrated the powerful effect of competition on people's strategies. Indeed, it … was in the mid-2000s that competitive pressure spiked among mortgage originators and securitisers, as measured by …