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Credit securitization decisions
(Routledge Taylor and Francis Group, 2012)
Government Sponsor Enterprises (GSEs) purchase mor tgage loans from approved lenders, either for cash or in exchange for a mortgage-backed security that comprises thoseloans.TheGSEs guarantee timelypayment ofinter est and ...
Note rate modifications and subprime default rates
(Routledge Taylor and Francis Group, 2009)
An important instrument to mitigate credit losses is modification of note rates of distressed borrowers. From a logistic model of early default, this article inferred the note rate impact on loan default probabilities, ...