Apr 5, 2018 12:30pm to 2:00pm
1011 Evans Hall
Happening As Scheduled
I document the “securitization and solicited refinancing channel,” a novel transmission mechanism of monetary policy and its heterogenous regional effects. The mechanism predicts that mortgage lenders who sell their originations to Government Sponsored Enterprises or into securitizations no longer hold the loan’s prepayment risk, and when rates drop, these lenders are more likely to signal to...
Speaker: Rupal Kamdar, UC Berkeley (Speaker - Featured)