International Journal of Business and Economic Development
IJBED
2051-848X
2051-8498
https://doi.org/10.24052/IJBED/
242
Mortgage securitization and neighborhood housing stability: Evidence from New York and California
The analysis compares private-label securitization with government-sponsored enterprise securitization and evaluates how these channels correlate with housing outcomes across different legal foreclosure regimes. The results show no statistically detectable association between private-label securitization share and vacancy outcomes once tract characteristics and macroeconomic controls are included. In contrast, higher GSE securitization shares correlate with lower vacancy outcomes in several specifications. The interaction between GSE securitization and underserved tract status indicates that the vacancy-reducing association of agency lending weakens in economically vulnerable communities.
https://ijbed.org/details&cid=242
https://ijbed.org/cdn/article_file/IJBED-0078-V14-N2-Nov26.pdf
Volume 14
Issue 02
34
2026-11-01
2026-07-15
no
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0000-00-00
0000-00-00
0000-00-00
Foreclosure regimes
Housing distress
Housing finance
Mortgage securitization
Vacancy rates
none
12
5
0
Saverio Iaconis
Stony Brook University, New York, USA
Amel Ben Abdesslem
Marymount University, Virginia, USA
Zhengwei Fu
Marymount University, Virginia, USA