Testimony on 'Subprime Mortgage Market Turmoil: Examining the Role of Securitization'

2007 ◽  
Author(s):  
Kurt Eggert
Keyword(s):  
Mortgage Market ◽  
Subprime Mortgage

Soft Information in the Subprime Mortgage Market

2012 ◽  
Author(s):  
Kanis Saengchote
Keyword(s):  
Mortgage Market ◽  
Soft Information ◽  
Subprime Mortgage

The Postwar Canadian Mortgage Market and the Role of Government

1966 ◽  
Vol 21 (3) ◽  
pp. 564
Author(s):  
Lawrence B. Smith
Keyword(s):  
Mortgage Market ◽  
Role Of Government

Subprime Mortgage Market: Rise, Fall, and Lessons for Korea

2008 ◽  
Author(s):  
Man Cho
Keyword(s):  
Mortgage Market ◽  
Subprime Mortgage

scholarly journals SUBPRIME MORTGAGE CRISIS IN THE UNITED STATES IN 2007–2008: CAUSES AND CONSEQUENCES (PART I)

Ekonomika ◽  
2015 ◽  
Vol 93 (4) ◽  
pp. 85-118 ◽  
Author(s):  
Vaidotas Pajarskas ◽  
Aldona Jočienė
Keyword(s):  
United States ◽  
Federal Reserve ◽  
The United States ◽  
Mortgage Market ◽  
Subprime Mortgage ◽  
Market Expansion ◽  
Mortgage Crisis ◽  
Subprime Mortgage Crisis ◽  
The Government ◽  
The Impact

The main purpose of this article is to determine which factors and how contributed to the subprime mortgage crisis in the United States in 2007–2008, what their causal links and effects on the markets and the whole economy were, and to assess what actions could have been taken by the Federal Reserve and the Government in order to mitigate or prevent the consequences of subprime mortgage crisis and housing bubble. In order to obtain the research results, the authors performed a qualitative analysis of the scientific literature on the course of events and their development that led to the subprime mortgage crisis, and focused on the insufficiently regulated home mortgage market expansion, the impact on the subprime mortgage crisis of financial innovations and financial engineering, poorly evaluated systemic risks and policy undertaken by both the U.S. Government and the Federal Reserve before and after the crisis. The quantitative research focused on two main parts: firstly, analysis of the dependence between the causes of subprime mortgage crisis and the consequences, using a statistical and regression analysis, and secondly, an alternative path the Government and the Federal Reserve could have taken in their policy actions and the results they could have produced. The authors believe that the results of the research could give useful guidelines to the central bankers and government officials on how to make long-term decisions that can help in preparing for the financial distress, mitigating the consequences when the crisis strikes, accelerating the recovery and even preventing the crisis it in the future. The second part of the qualitative research will appear in the next issue of the journal.

scholarly journals The Role of Government and Private Institutions in Credit Cycles in the U.S. Mortgage Market

2020 ◽  
Author(s):  
Manuel Adelino ◽  
William McCartney ◽  
Antoinette Schoar
Keyword(s):  
Mortgage Market ◽  
Private Institutions ◽  
Role Of Government ◽  
Credit Cycles ◽  
The U.S

scholarly journals Refinancing, Monetary Policy, and the Credit Cycle

2020 ◽  
Vol 12 (1) ◽  
pp. 67-93 ◽  
Author(s):  
Gene Amromin ◽  
Neil Bhutta ◽  
Benjamin J. Keys
Keyword(s):  
Monetary Policy ◽  
Policy Implementation ◽  
Lessons Learned ◽  
Mortgage Market ◽  
Transmission Mechanism ◽  
Mortgage Markets ◽  
Policy Transmission ◽  
The Usa ◽  
Credit Cycle

We assess the complicated reality of monetary policy transmission through mortgage markets by synthesizing the existing literature on the role of refinancing in policy implementation. After briefly reviewing mortgage market institutions in the USA and documenting refinance activity over time, we summarize the links between refinancing and consumption and describe the frictions impeding the refinancing channel. The review draws heavily on research emerging from the experience of the financial crisis of 2008–2009, as it highlights a combination of market, institutional, and policy-making factors that dulled the transmission mechanism. We conclude with a discussion of potential mortgage market innovations and the applicability of lessons learned to the ongoing stresses induced by the COVID-19 pandemic.

Secondary Mortgage Market Pedagogy: The Central Role of Prepayments

1999 ◽  
Vol 2 (1) ◽  
pp. 45-61 ◽  
Author(s):  
James McNulty
Keyword(s):  
Mortgage Market ◽  
Secondary Mortgage Market

scholarly journals The role of U.S. subprime mortgage-backed assets in propagating the crisis: Contagion or interdependence?

2015 ◽  
Vol 34 ◽  
pp. 167-186 ◽  
Author(s):  
Thomas J. Flavin ◽  
Lisa Sheenan
Keyword(s):  
Subprime Mortgage
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