Results 171 to 180 of about 3,040 (226)

Living on low-incomes with multiple long-term health conditions: A new method to explore the complex interaction between finance and health. [PDF]

open access: yesPLoS One
Biosca O   +8 more
europepmc   +1 more source

Optimal mortgage loan securitization and the subprime crisis

Optimization Letters, 2009
zbMATH Open Web Interface contents unavailable due to conflicting licenses.
J Mukuddem-Petersen   +2 more
exaly   +2 more sources

Understanding the Subprime Mortgage Crisis [PDF]

open access: possibleReview of Financial Studies, 2008
Using loan-level data, we analyze the quality of subprime mortgage loans by adjusting their performance for differences in borrower characteristics, loan characteristics, and macroeconomic conditions. We find that the quality of loans deteriorated for six consecutive years before the crisis and that securitizers were, to some extent, aware of it.
Yuliya Demyanyk, Otto Van Hemert
openaire   +2 more sources

An Appetite for Yield: The Anatomy of the Subprime Mortgage Crisis [PDF]

open access: possibleEnvironment and Planning A: Economy and Space, 2009
Whereas policy makers and industry advocates have hailed the growth of the subprime mortgage market in the US as evidence that financial innovation can more efficiently price and absorb credit risk, the 2007 mortgage crisis provides an opportunity to revisit the nature of financial risk.
openaire   +1 more source

subprime mortgage crisis, the

2011
A subprime mortgage loan is a residential mortgage loan that is particularly risky for some reason. The elevated risk may stem from the credit history of the borrower, the lack of a large down payment, or a monthly payment that is large relative to the borrower’s income (see Chapter 2 of Muolo and Padilla (2010) for a history of subprime residential ...
Christopher L. Foote, Paul S. Willen
openaire   +1 more source

CEO Behavior and Subprime Mortgage Crisis [PDF]

open access: possibleSSRN Electronic Journal, 2011
The paper addresses the subprime mortgage crisis from the perspective of the CEO of a financial firm. We integrate agency theory with the asset-pricing model to explore factors affecting CEO risk aversion. Apart from wealth and effort, the two main factors in influencing the agent’s risk preference, we also add a measure of CEO career concern to the ...
Guangdi Chang, Fulwood Chen
openaire   +1 more source

Model Stability and the Subprime Mortgage Crisis

The Journal of Real Estate Finance and Economics, 2010
We study the potential model instability problem with respect to mortgage default risk and examine to what extent it helps explain the default shock during the recent crisis. We find that econometric default risk models based on historical data can be unstable over time.
An, X.   +3 more
openaire   +1 more source

Securitization and the subprime mortgage crisis

Journal of Post Keynesian Economics, 2013
Since the outbreak of the subprime mortgage crisis, the benefits of securitization have started to be questioned. Originally, securitization was meant to improve the efficiency of capital markets by reducing risks through risk tiering and geographic diversification. It has also been considered to have contributed to a reduction in transaction costs and
openaire   +1 more source

Originate-to-Distribute Model and the Subprime Mortgage Crisis

SSRN Electronic Journal, 2010
An originate-to-distribute (OTD) model of lending, where the originator of a loan sells it to various third parties, was a popular method of mortgage lending before the onset of the subprime mortgage crisis. We show that banks with high involvement in the OTD market during the pre-crisis period originated excessively poor quality mortgages. This result
openaire   +2 more sources

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