in subprime private-label mortgage-backed securities (PLS), influenced the risk characteristics and prices of the deals … and Freddie Mac purchased securities included separate mortgage pools: one specifically created for the GSEs and one or … and Freddie Mac had similar ex-ante risk characteristics but performed much better ex-post relative to other mortgage …

There are two purposes of this article. Firstly, it examines the consequences for stakeholders, if the mortgage …

We expand on the standard commercial mortgage default model and create a new model by looking beyond the usual factors …

securitization on the incidence of mortgage modification and foreclosure based on the early-payment default analysis performed by … low modification rates are not the result of contract frictions inherent in the mortgage securitization process …

for housing, low interest rates, innovations in mortgage lending and securitization, and a breakdown in credit quality …The US financial system is undergoing a painful restructuring as credit losses originating in the mortgage finance …

This paper investigates whether mortgage loan servicers renegotiate a distressed loan differently depending on whether … the loan is held on their own books or by private investors. Using the proprietary mortgage metrics database that has … servicer-provided loan renegotiation details, we conduct a comprehensive empirical evaluation of the securitization impact on …

We show how securitization affects the size of the nonbank lending sector through a novel price-based channel. We … identify the channel using a regulatory spillover shock to the cross-section of mortgage-backed security prices: the U ….S. Liquidity Coverage Ratio. The shock increases secondary market prices for FHA-insured loans by granting them favorable …

evidence for adverse selection. The effect of securitization is strongest for prime mortgages, which have not been studied …

frictions in the mortgage securitization process. This paper finds little evidence that the securitization process impeded the …A leading explanation for the lack of widespread mortgage renegotiation during the financial crisis is the existence of … representative dataset on seriously delinquent mortgage borrowers from the first quarter of 2005 through the third quarter of 2008 …