28. Did Securitization Lead to Lax Screening? Evidence from Subprime Loans
By R. Kolb. 2011
149 citations recorded by the source corpus.
Subfields: Finance
View Paper: https://www.semanticscholar.org/paper/720a38a636646a5da3164627a8bd56876f356b77
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Citations in the corpus
- Originate-to-Distribute Model and the Subprime Mortgage Crisis (2011, background): “There is a growing literature in this area with important contributions from Keys et al., 2010; Mian and Sufi, 2010; Loutskina and Strahan, 2008; Doms, Furlong, and Krainer, 2007; Mayer and Pence, 2008; Dell′Ariccia, Igan, and Laeven, 2008; Demyanyk and Van Hemert, 2009; Titman and Tsyplakov, 2007;…”
- Fraudulent Income Overstatement on Mortgage Applications During the Credit Expansion of 2002 to 2005 (2017, unknown): “However, during the mortgage credit expansion from 2002 to 2005, we know originators failed to monitor and screen potential borrowers (e.g., Keys et al. 2010).”
- Shadow Banking and Bank Capital Regulation (2015, unknown): “Fom (9), the amount that the bank raises in the shadow banking system, rL′, is larger when adverse selection is lower (q large).”
- Reaching for Yield in the Bond Market (2013, unknown): “For example, Keys et al. (2010) show that securitization reduces incentives of financial intermediaries to screen borrowers above and beyond a specific benchmark.”
- Which Measures of Time Preference Best Predict Outcomes? Evidence from a Large-Scale Field Experiment (2011, unknown): “The average FICO score in our sample is 588 which is below the standard sub prime cutoff of 620 (Keys et al., 2010). We utilize the administrative data to test if our measures of time preference can predict the incidence of smoking, credit scores and BMI. As a first pass, consider Figure 1 in which ”