The origins and evolution of the market for mortgage-backed securities

JJ McConnell, SA Buser - Annu. Rev. Financ. Econ., 2011 - annualreviews.org
The first mortgage-backed security (MBS) was issued in 1968. Thereafter, the MBS market
grew rapidly with outstanding issuances exceeding $9 trillion by 2010. The growth in the …

[PDF][PDF] Impacts of down payment underwriting standards on loan performance-evidence from the GSEs and FHA portfolios

K Lam, RM Dunsky, A Kelly - Federal Housing Finance Agency Working …, 2013 - fhfa.gov
Policy discussions are increasingly focused on a return to more conservative mortgage
underwriting standards. This study explores the relationship between down payment (loan …

[HTML][HTML] Credit Risk, Regulatory Costs and Lending Discrimination in Efficient Residential Mortgage Markets

D Nickerson - Journal of Risk and Financial Management, 2022 - mdpi.com
Significant differences in loan terms between demographically distinct groups of borrowers
in the United States are often interpreted as evidence of systematic ethnic, racial or gender …

[HTML][HTML] Research on the pricing of PPP project ABS products based on the right of income of heating

Z Duan, Y Zhang - Frontiers in Energy Research, 2023 - frontiersin.org
Introduction: The Public-Private Partnership (PPP) model has the advantages of enhancing
the efficiency of social infrastructure construction and reducing the risk of government …

[HTML][HTML] Sustainable construction and financing—asset-backed securitization of expressway's usufruct with redeemable rights

Q Zhang, LY Tjia, B Wang, A Ersoy - Sustainability, 2021 - mdpi.com
Asset-backed securitization will greatly promote the sustainability of infrastructure
construction and financing. However, there are quite limited researches conducted in this …

A top-down approach for Asset-Backed securities: a consistent way of managing prepayment, default and interest rate risks

JD Fermanian - The Journal of Real Estate Finance and Economics, 2013 - Springer
We define a new approach to manage prepayment, default and interest rate risks
simultaneously in some standard asset-backed securities structures. We propose a …

The riskiness of outstanding mortgages in the United States, 1999–2019

WD Larson - Real Estate Economics, 2023 - Wiley Online Library
This article introduces measures of credit risk for all outstanding mortgages in the United
States between 1999 and 2019. Terminations play a fundamental role in offsetting risk …

Countercyclical capital regime revisited: Tests of robustness

S Smith, D Fuller, A Bogin, N Polkovnichenko… - Journal of Economics …, 2016 - Elsevier
Financial entities have been subject to risk-based capital requirements for many years. The
experiences of the recent financial crisis led to heightened criticism that these rules are pro …

Loan recovery strategies adopted by banks in India: experiences of the defaulters

RL Dhar - International Journal of Indian Culture and …, 2013 - inderscienceonline.com
The loan market in India has evidenced tremendous growth in the past decade. However,
with the increase in the loan market recently, the defaulters of the loan have also been found …

Contributions of The Journal of Fixed Income to MBS Analysis.

FJ Fabozzi - Journal of Fixed Income, 2022 - search.ebscohost.com
Over the past 31 years, The Journal of Fixed Income has published articles that were
primers about the structure and risk characteristics for the growing number of complex …