Similar Search Results

What Drives Bank Securitisation? The Spanish Experience

Cardone-Riportella, Clara - 2012

This paper analyses the reasons why Spanish banks securitised in the period 2000-2007 on such a large scale that Spain has become the European country with the second-largest issuance volume after the UK.The results were obtained by applying a logistic regression model to a sample of 408...

Persistent link: https://www.econbiz.de/10013105693

Anatomy of ABS CDO : Why Do ABS CDOs Exist?

Park, Sunyoung - 2013

that there is a large re-securitization rate distinction between AAA- and non AAA-rated tranches. Less than 1% of AAA …

Persistent link: https://www.econbiz.de/10013083730

Bank Delays in the Resolution of Delinquent Mortgages : The Problem of Limbo Loans

Allen, Linda - 2013

Limbo loans are defined as delinquent mortgage loans that have not progressed to resolution. We utilize a unique legal database for Florida and find no support for resolution delays from bottlenecks or bank capital constraints. Instead, the impairment of property rights explains both the...

Persistent link: https://www.econbiz.de/10013091438

Asset Securitizations and Credit Risk

Barth, Mary E. - 2013

This study examines the sources of credit risk associated with asset securitizations and whether credit rating agencies and the bond market differ in their assessment of this risk. Measuring credit risk using credit ratings, we find the securitizing firm's credit risk is positively related to...

Persistent link: https://www.econbiz.de/10013092802

Does Securitization of Corporate Loans Lead to Riskier Lending?

Bord, Vitaly - 2014

We investigate whether the securitization of corporate loans affected banks' lending standards. We find that during the …

Persistent link: https://www.econbiz.de/10013068057

Complexity and Loan Performance : Evidence from the Securitization of Commercial Mortgages

Furfine, Craig - 2014

Between 2001 and 2007, the complexity of commercial mortgage-backed securities (CMBS) increased substantially. The median size of commercial mortgage loan pools tripled and the median number of AAA-rated tranches doubled. I examine whether deal complexity is related to loan performance by...

Persistent link: https://www.econbiz.de/10013069077

Local Traits and Securitized Commercial Mortgage Default

An, Xudong - 2013

We expand on the standard commercial mortgage default model and create a new model by looking beyond the usual factors of option value, insolvency, property type, region, originator type, state foreclosure laws and macroeconomic measures. The new model incorporates measures of local economic...

Persistent link: https://www.econbiz.de/10013073068

Why Do Banks Securitise? Evidence from Italy

Mazzuca, Maria - 2009

We explore the motivations underlying the securitization transactions placed by the Italian banks from 1999 to 2006. By …

Persistent link: https://www.econbiz.de/10013155228

Preface To : Subprime Mortgages, Market Impact, and Safety Nets

Watson, Ronald D. - 2009

for housing, low interest rates, innovations in mortgage lending and securitization, and a breakdown in credit quality …

Persistent link: https://www.econbiz.de/10013155454

2003 Testimony on Securitization and Predatory Lending in a Hearing on 'Protecting Homeowners : Preventing Abusive Lending While Preserving Access to Credit'

Eggert, Kurt - 2009

lending" and describing the process of securitization, it argues that securitizing subprime loans has many dangers. While some … have claimed that securitizing loans lowers loan costs to borrowers, the reverse might be true and securitization may … actually increase the costs of loans to borrowers. This testimony states that securitization undermines loan underwriting. As …

Persistent link: https://www.econbiz.de/10013155644