Sign Up to like & get
recommendations!
0
Published in 2020 at "Journal of Financial Intermediation"
DOI: 10.1016/j.jfi.2020.100885
Abstract: Abstract Does securitization distort the foreclosure decisions of non-performing mortgages? In a model of mortgage-backed securitization with an endogenous foreclosure policy, we find that the securitizing bank adopts a tougher foreclosure policy than the first-best,…
read more here.
Keywords:
mortgage;
foreclosure;
securitization;
optimal foreclosure ... See more keywords