Drafting and Securitizing Participation Mortgages: A Re-Introduction

37 Pages Posted: 23 Feb 2015

See all articles by Spencer Coopchik

Spencer Coopchik

Independent

Yildiray Yildirim

Zicklin School of Business, Baruch College - The City University of New York

Date Written: February 21, 2015

Abstract

This paper will reintroduce, explore and expand on the financing arrangement known as a Participation Mortgage. First, this paper will cover the features, history and policy purposes behind the mortgage. Second, the paper will focus on legal mechanics and drafting considerations of Participation Mortgages so that they may later be securitized. Finally, the paper will explore the possibility and legality of creating Participation Mortgaged Backed Securities to be sold in the secondary market.

Keywords: Participation Mortgages; Securitization

JEL Classification: K10, K12, K22

Suggested Citation

Coopchik, Spencer and Yildirim, Yildiray, Drafting and Securitizing Participation Mortgages: A Re-Introduction (February 21, 2015). Available at SSRN: https://ssrn.com/abstract=2568159 or http://dx.doi.org/10.2139/ssrn.2568159

Spencer Coopchik

Independent ( email )

Yildiray Yildirim (Contact Author)

Zicklin School of Business, Baruch College - The City University of New York ( email )

55 Lexington Ave., Box B13-260
New York, NY 10010
United States

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