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Subprime mortgage defaults by demographics
Subprime mortgage defaults by demographics












subprime mortgage defaults by demographics

Parlour C, Plantin G (2008) Loan sales and relationship banking. Mian A, Sufi A (2009) The consequences of mortgage credit expansion: evidence from the U.S. Krainer J, Laderman E (2014) Mortgage loan securitization and relative loan performance. Keys B, Mukherjee T, Seru A, Vig V (2009) Did securitization lead to lax screening? Evidence from subprime loans. In: Kendall LT, Fishman MJ (eds) A primer on securitization. Kendall L (1996) Securitization: a new era in American finance.

subprime mortgage defaults by demographics

Jiang W, Nelson A, Vytlacil E (2014) Securitization and loan performance: a contrast of ex ante and ex post relations in the mortgage market. James C (1987) The use of loan sales and standby letters of credit by commercial banks. Federal Reserve Bank of New York Staff Report 368 Haughwout A, Mayer C, Tracy J (2009) Subprime mortgage pricing: the impact of race, ethnicity, and gender on the cost of borrowing. Gross DB, Souleles NS (2002) An empirical analysis of personal bankruptcy and delinquency. In: Stulz R, Carey M (eds) The risks of financial institutions. Gorton G, Souleles NS (2007) Special purpose vehicles and securitization. This 2.64 trillion was 24 percent of all residential mortgage debt outstanding in the United States. Ghent A, Kudlyak M (2011) Recourse and residential mortgage default: theory and evidence from U.S. Overall Mortgage Portfolio and Performance As of March 31, 2021, the reporting banks serviced approximately 13.2 million first-lien residential mortgage loans with 2.64 trillion in unpaid principal balances (see figures 1 and 2). Federal Reserve Bank of Boston Public Policy Discussion Paper 09–2 Econometrica 1999(67):65–99Įlul R, Souleles NS, Chomsisengphet S, Glennon D, Hunt R (2010) What ‘Triggers’ mortgage default? Am Econ Rev 100:2įoote CL, Gerardi K, Goette L, Willen PS (2009) Reducing foreclosures. J Monet Econ 63:1Ĭalem P, Henderson C, Liles J (2010) ‘Cream-Skimming’ in subprime mortgage securitizations: which subprime mortgage loans were sold by depository institutions prior to the crisis of 2007? Federal Reserve Bank of Philadelphia Working Paper 10–8ĭemarzo P, Duffie D (1999) A liquidity-based model of security design. J Monet Econ 25:1īubb R, Kaufman A (2014) Securitization and moral hazard: evidence from a lender cutoff rule. Federal Reserve Bank New York Staff Report 318īerger AN, Udell GF (1990) Collateral, loan quality, and bank risk. J Financ Econ 105:3Īmbrose B, LaCour-Little M, Sanders A (2005) Does regulatory capital arbitrage, reputation, or asymmetric information drive securitization? J Financ Serv Res 28:1Īshcraft A, Schuermann T (2008) Understanding the securitization of subprime mortgage credit. J Financ Econ 102:3Īgarwal S, Chang Y, Yavas A (2012) Adverse selection in mortgage securitization. ManuscriptĪgarwal S, Amromin G, Ben-David I, Chomsisengphet S, Evanoff D (2011) The role of securitization in mortgage renegotiation. Adelino M (2009) How much do investors rely on ratings? The case of mortgage backed securities.














Subprime mortgage defaults by demographics