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 …

I examine competition in the sector of mortgage life insurance, in particular the Periodic Switching Right (PSR), by … benefit one can expect from increased competition. All in all, a switching right limited in time would bring the benefits of … competition and avoid most of the cost of segmentation …

The recent financial crisis has posed new challenges to the pricing issue of mortgage insurance premiums. By extending … mortgage defaults, the diversification effect of underlying property pools and mortgage insurers' information advantages. Our … that although the rising number of pooled mortgage loans can reduce the volatility of average default losses, the …

Examining the contractual disclosures during the sale of private-label residential mortgage-backed securities (RMBS …

Long-term fixed-rate mortgage contracts protect households against interest rate risk, yet most countries have … fixation length tracks the life-cycle decline of credit risk in the mortgage market: the loan-to-value (LTV) ratio decreases … using shorter-term contracts. To quantify demand for long-term contracts, I develop a life-cycle model of optimal mortgage …

Covered bonds and mortgage-backed securities both allow mortgages to be financed with duration-matched bonds. Given the …

This paper presents evidence that reductions in mortgage interest rates associated with prepayment penalties are … greater for riskier borrowers, as measured by mortgage type, credit scores, and local incomes and education levels. This is …