[PDF] from ibefa.orgY Demyanyk… - Review of Financial Studies, 2011 - Soc Financial Studies Using loan-level data, we analyze the quality of subprime mortgage loans by adjusting their performance for differences in borrower characteristics, loan characteristics, and macroeconomic conditions. We find that the quality of loans deteriorated for six consecutive years before ... Cited by 85 - Related articles - All 5 versions
[PDF] from bullrunfinance.comT Marsh… - Manuscript, Stanford University, 2011 - bullrunfinance.com A visit to a bookstore these days, be it in Tokyo, London, Sydney or New York, finds the New Arrivals shelves stacked with fallout from the financial crisis. Books with attention- grabbing titles typically contain colorful narratives of the near-destruction of Wall Street and Main Street ... Cited by 2 - Related articles - View as HTML - All 3 versions
[PDF] from wisc.eduA Purnanandam - Review of Financial Studies, 2011 - Soc Financial Studies An originate-to-distribute (OTD) model of lending, where the originator of a loan sells it to various third parties, was a popular method of mortgage lending before the onset of the subprime mortgage crisis. We show that banks with high involvement in the OTD market during the pre-crisis ... Cited by 60 - Related articles - All 14 versions