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 …

the late-2000s. For example, models that assigned credit ratings to mortgage-backed securities (MBS) predicted relative … was in the mid-2000s that competitive pressure spiked among mortgage originators and securitisers, as measured by … mortgage types like no-documentation loans, improving the efficiency of back office processing of mortgages, reducing quality …

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 …

probability that banks securitize mortgage loans. This result is driven by an 11 basis point increase in deposit costs and …

This article examines how competition among lenders affects mortgage loan characteristics. The author finds that, on … average, banks issue safer mortgages than independent mortgage banks. Further, mortgages from banks with a branch in the local … among lender types (local bank, nonlocal bank, or independent mortgage bank) that lead to higher loan risk also are …

How do primary and secondary mortgage markets interact? This paper shows that funding shocks to mortgage originators … in more competitive mortgage markets; with less-regulated non-bank lenders being most responsive to this competition … channel. The results emphasize the interaction between the two layers of the mortgage market and document how credit market …