Did Securitization Lead to Lax Screening? Evidence from Subprime Loans
Did Securitization Lead to Lax Screening? Evidence from Subprime Loans
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Publisher
Oxford: MIT Press
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Language
English
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Publisher
Oxford: MIT Press
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Contents
A central question surrounding the current subprime crisis is whether the securitization process reduced the incentives of financial intermediaries to carefully screen borrowers. We examine this issue empirically using data on securitized subprime mortgage loan contracts in the United States. We exploit a specific rule of thumb in the lending marke...
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Full title
Did Securitization Lead to Lax Screening? Evidence from Subprime Loans
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TN_cdi_proquest_journals_211009676
Permalink
https://devfeature-collection.sl.nsw.gov.au/record/TN_cdi_proquest_journals_211009676
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ISSN
0033-5533
E-ISSN
1531-4650
DOI
10.1162/qjec.2010.125.1.307
