Compartir
Finance and Economics Discussion Series: Gses, Mortgage Rates, and Secondary Market Activities (en Inglés)
United States Federal Reserve Board
(Autor)
·
Andreas Lehnert
(Autor)
·
Bibliogov
· Tapa Blanda
Finance and Economics Discussion Series: Gses, Mortgage Rates, and Secondary Market Activities (en Inglés) - Lehnert, Andreas ; United States Federal Reserve Board ; Et Al
$ 14.95
$ 17.75
Ahorras: $ 2.80
Elige la lista en la que quieres agregar tu producto o crea una nueva lista
✓ Producto agregado correctamente a la lista de deseos.
Ir a Mis ListasSe enviará desde nuestra bodega entre el
Lunes 08 de Julio y el
Martes 09 de Julio.
Lo recibirás en cualquier lugar de Estados Unidos entre 1 y 3 días hábiles luego del envío.
Reseña del libro "Finance and Economics Discussion Series: Gses, Mortgage Rates, and Secondary Market Activities (en Inglés)"
Fannie Mae and Freddie Mac are government-sponsored enterprises (GSEs) that securitize mortgages and issue mortgage-backed securities (MBS). In addition, the GSEs are active participants in the secondary mortgage market on behalf of their own investment portfolios. Because these portfolios have grown quite large, portfolio purchases (in addition to MBS issuance) are often thought to be an important force in the mortgage market. Using monthly data from 1993 to 2005 we estimate a VAR model of the relationship between GSE secondary market activities and mortgage interest rate spreads. We find that GSE portfolio purchases have no significant effects on either primary or secondary mortgage rate spreads. Further, we examine GSE activities and mortgage rate spreads in the wake of the 1998 debt crisis, and find that GSE portfolio purchases did little to affect interest rates paid by new mortgage borrowers. This empirical finding is robust to alternative identification assumptions and to alternative model and variable specifications.
- 0% (0)
- 0% (0)
- 0% (0)
- 0% (0)
- 0% (0)
Todos los libros de nuestro catálogo son Originales.
El libro está escrito en Inglés.
La encuadernación de esta edición es Tapa Blanda.
✓ Producto agregado correctamente al carro, Ir a Pagar.
