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 …

facilitate mortgage access to minorities. Alternatively, lenders could have unfairly forced borrowers from minority areas into …

The current mortgage foreclosure crisis is presumably related to lax lending policies pursued by financial institutions … that extended mortgages to borrowers with questionable credit. These so-called subprime mortgage loans were … regulations, which facilitate mortgage access to minorities. Lenders are profit maximizers and regulations supposedly force them …

subprime mortgage defaults, which is widely believed to be a driving force in the 2008/2009 financial crisis. In the years just … before the 2008/2009 financial crisis, private mortgage securitizers were eager to supply world-wide demand for trillions of … dollars of “highly-rated” mortgage-backed securities (MBS) created from pools of subprime mortgage loans. The net effect was …

We offer the first empirical evidence on the adverse effect of credit default swap (CDS) coverage on subprime mortgage … defaults. Using a large database of privately securitized mortgages, we find that higher defaults concentrate in mortgage pools …. Overall, we show that CDS coverage helped drive higher mortgage defaults during the financial crisis …

Prior to the subprime crisis, mortgage brokers charged higher percentage fees for loans that turned out to be riskier … residential mortgage securitizations. …

resolution of the mortgage arrears crisis in Ireland. Using a large and close to exhaustive panel data set of Irish mortgages … legacy effects of the crisis in explaining recent entry to arrears, the role of mortgage modification in the reduction in … Irish mortgage market. …

Did securitization exacerbate the foreclosure crisis by altering mortgage servicing practices? I exploit the … unanticipated freeze of private mortgage securitization in 2007 to provide new evidence that securitization increases foreclosure … favoring foreclosure. The evidence implies that securitization significantly increased foreclosure rates during and after the …