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Asset Quality Misrepresentation by Financial Intermediaries: Evidence from RMBS Market

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NBER2013-02-01 更新2025-01-04 收录
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We contend that buyers received false information about the true quality of assets in contractual disclosures by intermediaries during the sale of mortgages in the $2 trillion non-agency market. We construct two measures of misrepresentation of asset quality - misreported occupancy status of

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2013-02-01
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