is promoting mortgage securitization throughout the EU and thereby rescaling the political economy of housing finance … in securitized mortgage debt contributed to the global financial crisis. As part of the CMU, the new European Commission …

We explore the capital structure and governance of a mortgage-insuring securitization utility operating with government … for appropriate pricing and transfer of mortgage risks across the private sector and between the private sector and the … mortgage guarantee fee, whose size we find is most sensitive to the required capital ratio and the expected return on that …