Mortgage securitization and neighborhood housing stability: Evidence from New York and California

Saverio Iaconis; Amel Ben Abdesslem; Zhengwei Fu

Article Details

Research Article Volume 14 Issue 02

Mortgage securitization and neighborhood housing stability: Evidence from New York and California

Saverio Iaconis • Amel Ben Abdesslem • Zhengwei Fu

Published: 15 Jul 2026 Issue:Volume 14 Issue 02 Nov 2026 Author details below

Zhengwei Fu

Marymount University, Virginia, USA

Foreclosure regimes Housing distress Housing finance Mortgage securitization Vacancy rates

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Abstract

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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.

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Published 15 Jul 2026

How to Cite

Iaconis, S., Abdesslem, A. B., & Fu, Z.. (-0001). Mortgage securitization and neighborhood housing stability: Evidence from New York and California. International Journal of Business and Economic Development, Volume 14 Issue 02.

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APA

Iaconis, S., Abdesslem, A. B., & Fu, Z.. (-0001). Mortgage securitization and neighborhood housing stability: Evidence from New York and California. International Journal of Business and Economic Development, Volume 14 Issue 02.

MLA

Iaconis, Saverio, et al.. "Mortgage securitization and neighborhood housing stability: Evidence from New York and California." International Journal of Business and Economic Development, Volume 14 Issue 02, -0001.

Chicago

Saverio Iaconis, Amel Ben Abdesslem, and Zhengwei Fu. "Mortgage securitization and neighborhood housing stability: Evidence from New York and California." International Journal of Business and Economic Development Volume 14 Issue 02 (30 Nov -0001).

Harvard

Iaconis, S., Abdesslem, A. B., & Fu, Z. (-0001) Mortgage securitization and neighborhood housing stability: Evidence from New York and California. International Journal of Business and Economic Development, Volume 14 Issue 02

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