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The future of the housing GSEs

Davidson, Andrew - Federal Reserve Bank of Chicago - 2010

Persistent link: https://www.econbiz.de/10010723776

Summary "how do financial frictions shape the product market? evidence from mortgage originations"

Vickery, James - Federal Reserve Bank of Chicago - 2008

Persistent link: https://www.econbiz.de/10010724160

Opening remarks at The Spread between Primary and Secondary Mortgage Rates: Recent Trends and Prospects Workshop

Dudley, William C. - Federal Reserve Bank of New York - 2012

Remarks at The Spread between Primary and Secondary Mortgage Rates: Recent Trends and Prospects Workshop, New York City.

Persistent link: https://www.econbiz.de/10010724956

Testimony on housing finance reform: essential elements of a government guarantee for mortgage-backed securities

Tracy, Joseph S. - Federal Reserve Bank of New York - 2013

Testimony before the U.S. Senate Committee on Banking, Housing and Urban Affairs, Washington, D.C.

Persistent link: https://www.econbiz.de/10010725003

The asset-backed securities markets, the crisis, and TALF

Agarwal, by Sumit; Barrett, Jacqueline; Nardi, … - In: Profitwise (2011) Apr, pp. 8-18

Credit performs the essential function of moving funds from the savers who want to lend to the investors and consumers who wish to borrow. Under ideal conditions, this process ensures that funds are invested by the most skilled and productive individuals, thus improving efficiency and...

Persistent link: https://www.econbiz.de/10010727588

The capital structure and governance of a mortgage securitization utility

Mosser, Patricia C.; Tracy, Joseph; Wright, Joshua - Federal Reserve Bank of New York - 2013

We explore the capital structure and governance of a mortgage-insuring securitization utility operating with government reinsurance for systemic or “tail” risk. The structure we propose for the replacement of the GSEs focuses on aligning incentives for appropriate pricing and transfer of...

Persistent link: https://www.econbiz.de/10011027203

Can Covered Bonds Resuscitate Residential Mortgage Finance in the United States?

Surti, Jay - International Monetary Fund (IMF) - 2010

This paper considers the case for mortgage covered bonds as an alternative to the originate-to-distribute mortgage funding model. It argues that the economic incentives provided to market participants under the covered bonds model are less susceptible to moral hazard even while retaining the key...

Persistent link: https://www.econbiz.de/10008777017

The future of the housing GSEs

Davidson, Andrew - In: Proceedings (2010) May, pp. 44-55

Persistent link: https://www.econbiz.de/10010575613

Securitization and the fixed-rate mortgage

Fuster, Andreas; Vickery, James - Federal Reserve Bank of New York - 2013

Fixed-rate mortgages (FRMs) dominate the U.S. mortgage market, with important consequences for household risk … freezes, the share of FRMs is sharply higher among mortgages eligible to be securitized through the still-liquid agency MBS … rate risk embedded in these loans. We highlight policy implications for ongoing reform of the U.S. mortgage finance system. …

Persistent link: https://www.econbiz.de/10010604287

Do Loan-To-Value and Debt-To-Income Limits Work? Evidence From Korea

Igan, Deniz; Kang, Heedon - International Monetary Fund (IMF) - 2011

With another real estate boom-bust bringing woes to the world economy, a quest for a better policy toolkit to deal with these boom-busts has begun. Macroprudential measures could be in such a toolkit. Yet, we know very little about their impact. This paper takes a step to fill this gap by...

Persistent link: https://www.econbiz.de/10009401203