LIBROS DEL AUTOR: wayne passmore

1 resultados para LIBROS DEL AUTOR: wayne passmore

  • Finance and Economics Discussion Series
    Wayne Passmore / et al. / United States Federal Reserve Board
    We derive a theoretical model of how jumbo and conforming mortgage rates are determined and how the jumbo-conforming spread might arise. We show that mortgage rates reflect the cost of funding mortgages and that this cost of funding can drive a wedge between jumbo and conforming rates (the jumbo-conforming spread). Further, we show how the jumbo-conforming spread widens when mo...
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