credit scores, in contrast to the low income population targeted by subprime mortgages. Complex mortgage borrowers have … significantly higher delinquency rates than traditional mortgage borrowers even after controlling for leverage, payment resets, and …

households with high income levels and prime credit scores. We find that complex mortgage borrowers exhibit relatively high …

This paper analyzes the performance of the commercial mortgage-backed security (CMBS) market before and during the … mortgage market) the loans underlying CMBS did not significantly change their characteristics during this period, commercial …

The investment fueled U.S. mortgage market has traditionally been sustained by New Deal institutions called government … sponsored enterprises (GSEs). Known as Freddie Mac and Fannie Mae, the GSEs once dominated mortgage backed securities … underwriting. The recent subprime mortgage crisis has drawn attention to the fact that during the real estate boom, these agencies …

Integration of the capital and mortgage markets is an important step in moving emerging countries toward full economic … mortgage market to the integration between the mortgage and capital markets. With deregulation occurring in the early 1980s …, the results indicate that the two markets were fully integrated prior to 2001 when a secondary mortgage market was …