Matches in SemOpenAlex for { <https://semopenalex.org/work/W3124201352> ?p ?o ?g. }
- W3124201352 endingPage "1273" @default.
- W3124201352 startingPage "1234" @default.
- W3124201352 abstract "Abstract We provide an analytic valuation framework to value second lien mortgages and first lien mortgages when homeowners can take out a second lien. We use the framework to value mortgage‐backed securities (MBS) and, in particular, quantify the greater risk associated with MBS backed by first liens that have “silent seconds.” Rating MBS without accounting for homeowners' equity extraction option results in much higher ratings than warranted by expected loss. While in our benchmark calibration, the senior tranche rating should be A 1 rather than , the big losers from the equity extraction option are the mezzanine tranches that are nearly wiped out." @default.
- W3124201352 created "2021-02-01" @default.
- W3124201352 creator A5020585585 @default.
- W3124201352 creator A5027798360 @default.
- W3124201352 creator A5063730217 @default.
- W3124201352 date "2018-08-20" @default.
- W3124201352 modified "2023-09-26" @default.
- W3124201352 title "Second Mortgages: Valuation and Implications for the Performance of Structured Financial Products" @default.
- W3124201352 cites W1560906003 @default.
- W3124201352 cites W2006804758 @default.
- W3124201352 cites W2011886674 @default.
- W3124201352 cites W2036228124 @default.
- W3124201352 cites W2044115510 @default.
- W3124201352 cites W2052115379 @default.
- W3124201352 cites W2073108281 @default.
- W3124201352 cites W2104802427 @default.
- W3124201352 cites W2122617281 @default.
- W3124201352 cites W2141980705 @default.
- W3124201352 cites W2146278264 @default.
- W3124201352 cites W2163412263 @default.
- W3124201352 cites W2166822681 @default.
- W3124201352 cites W2312471620 @default.
- W3124201352 cites W2388978630 @default.
- W3124201352 cites W2584855053 @default.
- W3124201352 cites W2794229777 @default.
- W3124201352 cites W3021700394 @default.
- W3124201352 cites W3023588045 @default.
- W3124201352 cites W3121319687 @default.
- W3124201352 cites W3122147563 @default.
- W3124201352 cites W3122496033 @default.
- W3124201352 cites W3122630720 @default.
- W3124201352 cites W3123014546 @default.
- W3124201352 cites W3123256822 @default.
- W3124201352 cites W3123692948 @default.
- W3124201352 cites W3123831831 @default.
- W3124201352 cites W3123875479 @default.
- W3124201352 cites W3123884917 @default.
- W3124201352 cites W3124399697 @default.
- W3124201352 cites W3124426380 @default.
- W3124201352 cites W3124499962 @default.
- W3124201352 cites W3124560959 @default.
- W3124201352 cites W3124782503 @default.
- W3124201352 cites W3125195410 @default.
- W3124201352 cites W3125216685 @default.
- W3124201352 cites W3125264542 @default.
- W3124201352 cites W3125346901 @default.
- W3124201352 cites W3125842352 @default.
- W3124201352 cites W3125891475 @default.
- W3124201352 cites W4205991771 @default.
- W3124201352 cites W4239711982 @default.
- W3124201352 doi "https://doi.org/10.1111/1540-6229.12257" @default.
- W3124201352 hasPublicationYear "2018" @default.
- W3124201352 type Work @default.
- W3124201352 sameAs 3124201352 @default.
- W3124201352 citedByCount "0" @default.
- W3124201352 crossrefType "journal-article" @default.
- W3124201352 hasAuthorship W3124201352A5020585585 @default.
- W3124201352 hasAuthorship W3124201352A5027798360 @default.
- W3124201352 hasAuthorship W3124201352A5063730217 @default.
- W3124201352 hasBestOaLocation W31242013522 @default.
- W3124201352 hasConcept C10138342 @default.
- W3124201352 hasConcept C106159729 @default.
- W3124201352 hasConcept C144133560 @default.
- W3124201352 hasConcept C162118730 @default.
- W3124201352 hasConcept C162324750 @default.
- W3124201352 hasConcept C17744445 @default.
- W3124201352 hasConcept C186027771 @default.
- W3124201352 hasConcept C198004926 @default.
- W3124201352 hasConcept C199539241 @default.
- W3124201352 hasConcept C199728807 @default.
- W3124201352 hasConcept C2781271063 @default.
- W3124201352 hasConceptScore W3124201352C10138342 @default.
- W3124201352 hasConceptScore W3124201352C106159729 @default.
- W3124201352 hasConceptScore W3124201352C144133560 @default.
- W3124201352 hasConceptScore W3124201352C162118730 @default.
- W3124201352 hasConceptScore W3124201352C162324750 @default.
- W3124201352 hasConceptScore W3124201352C17744445 @default.
- W3124201352 hasConceptScore W3124201352C186027771 @default.
- W3124201352 hasConceptScore W3124201352C198004926 @default.
- W3124201352 hasConceptScore W3124201352C199539241 @default.
- W3124201352 hasConceptScore W3124201352C199728807 @default.
- W3124201352 hasConceptScore W3124201352C2781271063 @default.
- W3124201352 hasIssue "4" @default.
- W3124201352 hasLocation W31242013521 @default.
- W3124201352 hasLocation W31242013522 @default.
- W3124201352 hasLocation W31242013523 @default.
- W3124201352 hasLocation W31242013524 @default.
- W3124201352 hasOpenAccess W3124201352 @default.
- W3124201352 hasPrimaryLocation W31242013521 @default.
- W3124201352 hasRelatedWork W1534642805 @default.
- W3124201352 hasRelatedWork W2002387390 @default.
- W3124201352 hasRelatedWork W2248881018 @default.
- W3124201352 hasRelatedWork W2365734929 @default.
- W3124201352 hasRelatedWork W2471912113 @default.
- W3124201352 hasRelatedWork W2944579191 @default.
- W3124201352 hasRelatedWork W3122560031 @default.
- W3124201352 hasRelatedWork W3124201352 @default.
- W3124201352 hasRelatedWork W4366248386 @default.