mortgage rates. The Federal Reserve's accumulation of MBS and Treasury securities lowered MBS yields and mortgage rates by more … turn significantly lower mortgage rates …

We study how the Federal Reserve's quantitative easing (QE) influenced the behavior of Agency mortgage REITs – a set of … institutions identified by the Financial Stability Oversight Council as posing systemic risk. We document that Agency mortgage …

delaying trade. This paper uses the residential mortgage market as a laboratory to test this mechanism. Using detailed, loan …-level data on privately securitized mortgages, we find a strong relation between mortgage performance and time …

in subprime private-label mortgage-backed securities (PLS), influenced the risk characteristics and prices of the deals … and Freddie Mac purchased securities included separate mortgage pools: one specifically created for the GSEs and one or … and Freddie Mac had similar ex-ante risk characteristics but performed much better ex-post relative to other mortgage …

crisis, securitization fueled an unsustainable increase in mortgage credit. As the recent financial crisis reveals …Securitization is a global multi-trillion dollar market that embodies financialization. Prior to the recent financial …, securitization increased credit market volatility and was heightened by a reliance on debt and incentive schemes that focused on …

In China, securitization has been promoted as a means of reducing reliance on the shadow banking system, and to ensure … Chinese securitization market. Whilst the US securitization market developed as a means to accelerate liquidity, the Chinese … securitization market was initially established to deal with NPLs. I discuss the pre- and post-2008 Chinese securitization market. In …

Securitization is considered to be one of the biggest financial innovations of the last century. It is also regarded as … both a catalyst and a solution to the 2008 financial crisis. Once a popular method of financing the mortgage and consumer … credit markets, aspects of the global securitization market are now struggling to revive. In this paper, I discuss the role …

Asset-backed securitization (ABS) may contribute to generating instability in financial markets both through an 'inside … chapter is related to the literature analyzing relations between the financial crisis and asset- backed securitization …

probability that banks securitize mortgage loans. This result is driven by an 11 basis point increase in deposit costs and …