. Recent research has used variation induced by these rules to investigate the connection between securitization and lender … moral hazard problem posed by securitization. …

research has hypothesized that these cutoff rules result from a securitization rule of thumb. Under this theory, an observed … jump in defaults at the cutoff would imply that securitization led to lax screening. We argue instead that originators … that securitization caused lax screening. We examine loan-level data and find that the evidence is inconsistent with the …

theoretical models and a survey of institutions involved in securitization. With the conclusions of this analysis we evaluate the …

securitization or if they choose vertical slice retention instead of retaining the equity tranche. Moreover, the relevance of credit …

We analyze the structure and attributes of subprime mortgage-backed securitization deals originated between 1997 and … 2007. Our data set allows us to link loan-level data for over 6.7 million subprime loans to the securitization deals into … which the loans were sold. We show that the securitization process, including the assignment of credit ratings, provided …

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

" of financial products, through securitization. This allows on the one hand to broaden the application of Neo …" can be placed under the label "securitization", defined as the business of packaging and reselling loans, with repo …

securitizers unrestricted by regulations governing traditional lending and securitization. Eager to take profits in an originate …