Matches in SemOpenAlex for { <https://semopenalex.org/work/W4256240690> ?p ?o ?g. }
Showing items 1 to 68 of
68
with 100 items per page.
- W4256240690 endingPage "362" @default.
- W4256240690 startingPage "307" @default.
- W4256240690 abstract "A central question surrounding the current subprime crisis is whether the securitization process reduced the incentives of financial intermediaries to carefully screen borrowers. We examine this issue empirically using data on securitized subprime mortgage loan contracts in the United States. We exploit a specific rule of thumb in the lending market to generate exogenous variation in the ease of securitization and compare the composition and performance of lenders' portfolios around the ad hoc threshold. Conditional on being securitized, the portfolio with greater ease of securitization defaults by around 10%–25% more than a similar risk profile group with a lesser ease of securitization. We conduct additional analyses to rule out differential selection by market participants around the threshold and lenders employing an optimal screening cutoff unrelated to securitization as alternative explanations. The results are confined to loans where intermediaries' screening effort may be relevant and soft information about borrowers determines their creditworthiness. Our findings suggest that existing securitization practices did adversely affect the screening incentives of subprime lenders." @default.
- W4256240690 created "2022-05-12" @default.
- W4256240690 creator A5011614361 @default.
- W4256240690 creator A5013932798 @default.
- W4256240690 creator A5080784081 @default.
- W4256240690 creator A5088641726 @default.
- W4256240690 date "2010-02-01" @default.
- W4256240690 modified "2023-10-14" @default.
- W4256240690 title "Did Securitization Lead to Lax Screening? Evidence from Subprime Loans<sup>*</sup>" @default.
- W4256240690 doi "https://doi.org/10.1162/qjec.2010.125.1.307" @default.
- W4256240690 hasPublicationYear "2010" @default.
- W4256240690 type Work @default.
- W4256240690 citedByCount "806" @default.
- W4256240690 countsByYear W42562406902012 @default.
- W4256240690 countsByYear W42562406902013 @default.
- W4256240690 countsByYear W42562406902014 @default.
- W4256240690 countsByYear W42562406902015 @default.
- W4256240690 countsByYear W42562406902016 @default.
- W4256240690 countsByYear W42562406902017 @default.
- W4256240690 countsByYear W42562406902018 @default.
- W4256240690 countsByYear W42562406902019 @default.
- W4256240690 countsByYear W42562406902020 @default.
- W4256240690 countsByYear W42562406902021 @default.
- W4256240690 countsByYear W42562406902022 @default.
- W4256240690 countsByYear W42562406902023 @default.
- W4256240690 crossrefType "journal-article" @default.
- W4256240690 hasAuthorship W4256240690A5011614361 @default.
- W4256240690 hasAuthorship W4256240690A5013932798 @default.
- W4256240690 hasAuthorship W4256240690A5080784081 @default.
- W4256240690 hasAuthorship W4256240690A5088641726 @default.
- W4256240690 hasConcept C10138342 @default.
- W4256240690 hasConcept C139569457 @default.
- W4256240690 hasConcept C144133560 @default.
- W4256240690 hasConcept C162324750 @default.
- W4256240690 hasConcept C2777764128 @default.
- W4256240690 hasConcept C2780619108 @default.
- W4256240690 hasConcept C2780821815 @default.
- W4256240690 hasConcept C556758197 @default.
- W4256240690 hasConcept C73283319 @default.
- W4256240690 hasConceptScore W4256240690C10138342 @default.
- W4256240690 hasConceptScore W4256240690C139569457 @default.
- W4256240690 hasConceptScore W4256240690C144133560 @default.
- W4256240690 hasConceptScore W4256240690C162324750 @default.
- W4256240690 hasConceptScore W4256240690C2777764128 @default.
- W4256240690 hasConceptScore W4256240690C2780619108 @default.
- W4256240690 hasConceptScore W4256240690C2780821815 @default.
- W4256240690 hasConceptScore W4256240690C556758197 @default.
- W4256240690 hasConceptScore W4256240690C73283319 @default.
- W4256240690 hasIssue "1" @default.
- W4256240690 hasLocation W42562406901 @default.
- W4256240690 hasOpenAccess W4256240690 @default.
- W4256240690 hasPrimaryLocation W42562406901 @default.
- W4256240690 hasRelatedWork W1488469379 @default.
- W4256240690 hasRelatedWork W2030870958 @default.
- W4256240690 hasRelatedWork W2032213887 @default.
- W4256240690 hasRelatedWork W2112217160 @default.
- W4256240690 hasRelatedWork W3009762736 @default.
- W4256240690 hasRelatedWork W3010348941 @default.
- W4256240690 hasRelatedWork W3122278747 @default.
- W4256240690 hasRelatedWork W3122354969 @default.
- W4256240690 hasRelatedWork W3125847393 @default.
- W4256240690 hasRelatedWork W3197587804 @default.
- W4256240690 hasVolume "125" @default.
- W4256240690 isParatext "false" @default.
- W4256240690 isRetracted "false" @default.
- W4256240690 workType "article" @default.