Is the Market for Mortgage-Backed Securities a Market for Lemons?

By Chris Downing, Dwight M. Jaffee, Nancy Wallace. 2009

188 citations recorded by the source corpus.

Subfields: Economics and Econometrics, Finance

View Paper: https://www.semanticscholar.org/paper/d2b09398383534a76b1a1b925cca3731bf0f4472

Citations in the corpus

• Adverse Selection and Liquidity Distortion (2011, unknown): “Ellul et al. (2011) found that insurance companies that are relatively more constrained by regulation are more likely to sell downgraded bonds, which are subject to price discount. (38)Garmaise and Moskowitz (2004) documents the existence of asymmetric information in real estate markets.”