Economics, Econometrics and Finance
4 years ago

Government-sponsored mortgage securitization may actually raise mortgage rates, study finds.

1 view
RePEc: Research Papers in Economics
Putting the squeeze on a market for lemons: government-sponsored mortgage securitization
Wayne Passmore, Roger Sparks

Paper Summary

Government-sponsored mortgage securitization can actually make mortgage rates higher, not lower as commonly believed. This happens because of information gaps and risks involved in the process.

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