Jappelli and Pagano (1994) argues that tightening the borrowing constraints in the mortgage markets promotes savings … savings and growth rates to fall. Therefore, for countries with scarce mortgage availability like those in the Middle East …, expanding the mortgage markets to some extent is conducive to savings and growth …

conventional commitment mortgage coupon rates in terms of current and lagged values of this perfect-market coupon rate. Finally, we …

Securitization has been widely assigned blame for contributing to the recent mortgage market meltdown and ensuing …

conventional commitment mortgage coupon rates in terms of current and lagged values of this perfect-market coupon rate. Finally, we …

emergence of mortgage-backed securities. We also document that this relationship changed sign, from negative to positive, in the …

set of sales of mortgage-backed securities (Freddie Mac Participation Certificates, or PCs) to SPVs over the period 1991 …