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Market-Based loss mitigation practices for troubled mortgages following the financial crisis

Agarwal, Sumit; Amromin, Gene; Ben-David, Itzhak; … - 2010

The meltdown in residential real-estate prices that commenced in 2006 resulted in unprecedented mortgage delinquency rates. Until mid-2009, lenders and servicers pursued their own individual loss mitigation practices without being significantly influenced by government intervention. Using a...

Persistent link: https://www.econbiz.de/10008823479

Measuring the social discount rate under uncertainty : a methodology and application

Ahsan, Syed; Tsigaris, Panagiotis Demetrios - 2002

It is well recognised that the issue of the social rate of discount applies only to the gains from public investment that accrues to the public sector. When it comes to measurement, however, there is a problem: public investment in infrastructure and the like do not usually yield direct...

Persistent link: https://www.econbiz.de/10011514079

The role of securitization in mortgage renegotiation

Agarwal, Sumit; Amromin, Gene; Ben-David, Itzhak; … - 2011

We study the effects of securitization on renegotiation of distressed residential mortgages over the current financial crisis. Unlike prior studies, we employ unique data that directly observe lender renegotiation actions and cover more than 60% of the U.S. mortgage market. Exploiting...

Persistent link: https://www.econbiz.de/10008821936

Measuring the social discount rate under uncertainty : a methodology and application

Ahsan, Syed M.; Tsigaris, Panagiotis - 2002

Persistent link: https://www.econbiz.de/10001737580

The JOBS act and information uncertainty in IPO firms

Barth, Mary E.; Landsman, Wayne R.; Taylor, Daniel J. - 2014

This study examines the effect of the Jumpstart Our Business Startups Act (JOBS Act) on information uncertainty in IPO firms. The JOBS Act creates a new category of issuer, the Emerging Growth Company (EGC), and exempts EGCs from several disclosures required for non-EGCs. Our findings are...

Persistent link: https://www.econbiz.de/10011523682

Does affirmative action lead to mismatch? : a new test and evidence

Arcidiacono, Peter; Aucejo, Esteban; Fang, Hanming; … - In: Quantitative economics : QE ; journal of the … 2 (2011) 3, pp. 303-333

We argue that once we take into account the students’ rational enrollment decisions, mismatch in the sense that the intended beneficiaries of affirmative action admission policies are made worse off ex ante can only occur if selective universities possess private information. Ex ante mismatch...

Persistent link: https://www.econbiz.de/10011756332

Dealer capacity and U.S. treasury market functionality

Duffie, Darrell; Fleming, Michael J.; Keane, Frank; … - 2023 - Revised October 2023

market liquidity over time, when dealer balance sheet utilization reaches sufficiently high levels, liquidity is much worse …

Persistent link: https://www.econbiz.de/10014393396

The topology of the federal funds market

Bech, Morten L.; Atalay, Enghin - 2008

We explore the network topology of the federal funds market. This market is important for distributing liquidity …

Persistent link: https://www.econbiz.de/10003826072

Funding liquidity risk and the cross-section of MBS returns

Kitsul, Yuriy; Ochoa, Marcelo - 2016

This paper shows that funding liquidity risk is priced in the cross-section of excess returns on agency mortgage …-backed securities (MBS). We derive a measure of funding liquidity risk from dollar-roll implied financing rates (IFRs), which reflect … liquidity shocks embedded in the IFRs is compensated in the cross-section of expected excess returns| agency MBS that are better …

Persistent link: https://www.econbiz.de/10011500433

Die Haftung gesicherter Kreditgeber für Umweltschäden aus ökonomischer Sicht

Feess, Eberhard - 1997

Persistent link: https://www.econbiz.de/10000622941

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