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Unenforceable Securitization Contracts

Tracy R. Lewis & Alan Schwartz

Yale Journal on Regulation2020article
ABDC B
Weight
0.26

What the paper says

A “portfolio” here is a bundled set of contracts. In this Article, we address a commercially important example, where a local bank finances home purchases. The bank bundles the resultant contracts—the mortgage-backed securities (MBS)—into a portfolio, which it then sells to a firm, denoted an “originator.” The originator buys portfolios from several local banks and sells the portfolios to a large bank, which markets the portfolios to public- investment vehicles, such as trusts. “Portfolio contracts” govern each of these sales

Cite this paper

@article{tracy2020,
  title        = {{Unenforceable Securitization Contracts}},
  author       = {Tracy R. Lewis & Alan Schwartz},
  journal      = {Yale Journal on Regulation},
  year         = {2020},
}

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Unenforceable Securitization Contracts

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Evidence weight

0.26

Balanced mode · F 0.40 / M 0.15 / V 0.05 / R 0.40

F · citation impact0.00 × 0.4 = 0.00
M · momentum0.20 × 0.15 = 0.03
V · venue signal0.50 × 0.05 = 0.03
R · text relevance †0.50 × 0.4 = 0.20

† Text relevance is estimated at 0.50 on the detail page — for your query’s actual relevance score, open this paper from a search result.