This paper draws lessons from international practices to determine the feasibility of developing mortgage …-backed securitization (MBS) to expand housing finance to the underserved market in the country. Despite the risks of securitization, as … facilitate and promote housing finance. The international best practices show that efficient securitization can be established …

securitization. Combining a nationwide mortgage data with a real estate transaction data and using a difference …Lenders' access to soft information on appraisal inflation could lead to adverse selection in private mortgage … mortgage rate. The results are robust after controlling for servicer and lender effects, and hold when we infer appraisal …