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Securitized Jumbo Mortgages, 1986-2005

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  • Everson W. Hull

    (Office of Federal Housing Enterprise Oversight)

Abstract

This paper provides a historical review of the characteristics of jumbo mortgages financed through securitization. The research uses loan-level data on a large proportion of all jumbo mortgages originated from 1986 through 2005 and later securitized. That sample permits detailed analysis of variations over time in the purchase and refinance shares of jumbo loans that were securitized, the types of loan products preferred by borrowers who took out those jumbo loans, the loan-to-value (LTV) ratios of the mortgages, and the credit scores of the borrowers.

Suggested Citation

  • Everson W. Hull, 2007. "Securitized Jumbo Mortgages, 1986-2005," FHFA Staff Working Papers 07-01, Federal Housing Finance Agency.
    • Handle: RePEc:hfa:wpaper:07-01
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    References listed on IDEAS

    as
    1. Wayne Passmore & Shane M. Sherlund & Gillian Burgess, 2005. "The Effect of Housing Government-Sponsored Enterprises on Mortgage Rates," Real Estate Economics, American Real Estate and Urban Economics Association, vol. 33(3), pages 427-463, September.
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