Understanding The Securitization Of Subprime Mortgage Credit Federal Reserve Bank Of New York Staff Report No 318
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Author | : Adam B. Ashcraft |
Publisher | : DIANE Publishing |
Total Pages | : 76 |
Release | : 2010-03 |
Genre | : |
ISBN | : 1437925146 |
Provides an overview of the subprime mortgage securitization process and the seven key informational frictions that arise. Discusses the ways that market participants work to minimize these frictions and speculate on how this process broke down. Continues with a complete picture of the subprime borrower and the subprime loan, discussing both predatory borrowing and predatory lending. Presents the key structural features of a typical subprime securitization, documents how rating agencies assign credit ratings to mortgage-backed securities, and outlines how these agencies monitor the performance of mortgage pools over time. The authors draw upon the example of a mortgage pool securitized by New Century Financial during 2006. Illustrations.
Author | : |
Publisher | : DIANE Publishing |
Total Pages | : 646 |
Release | : 2011 |
Genre | : |
ISBN | : 1437984673 |
Author | : United States Senate |
Publisher | : Lulu.com |
Total Pages | : 647 |
Release | : 2013-06-10 |
Genre | : Business & Economics |
ISBN | : 1304122212 |
In the fall of 2008, America suffered a devastating economic collapse. Once valuable securities lost most or all of their value, debt markets froze, stock markets plunged, and storied financial firms went under. Millions of Americans lost their jobs; millions of families lost their homes; and good businesses shut down. These events cast the United States into an economic recession so deep that the country has yet to fully recover. This Report is the product of a two-year bipartisan investigation by the U.S. Senate Permanent Subcommittee on Investigations into the origins of the 2008 financial crisis. The goals of this investigation were to construct a public record of the facts in order to deepen the understanding of what happened; identify some of the root causes of the crisis; and provide a factual foundation for the ongoing effort to fortify the country against the recurrence of a similar crisis in the future.
Author | : United States. Congress. Senate. Committee on Homeland Security and Governmental Affairs. Permanent Subcommittee on Investigations |
Publisher | : |
Total Pages | : 1576 |
Release | : 2011 |
Genre | : Financial crises |
ISBN | : |
Author | : Allen N. Berger |
Publisher | : |
Total Pages | : 1309 |
Release | : 2019 |
Genre | : Business & Economics |
ISBN | : 0198824637 |
This third edition of the definitive guide to banking provides an overview and analysis of developments and research in the field written by leading academics, researchers, and practitioners.
Author | : Solomon Y Deku |
Publisher | : Springer |
Total Pages | : 186 |
Release | : 2017-08-04 |
Genre | : Business & Economics |
ISBN | : 3319601288 |
This book aims to explore if and how securitization changed financial intermediation and lending behaviour by reviewing the pre- and post-financial crisis theoretical and empirical literature. The book’s distinctive feature is bringing the growing post-crisis empirical evidence to the attention of a wider audience by critically appraising it against pre-crisis arguments. With its thought-provoking insights, this book is of particular interest for students, practitioners and academics.
Author | : Frank J. Fabozzi |
Publisher | : Oxford University Press |
Total Pages | : 916 |
Release | : 2016-09-01 |
Genre | : Business & Economics |
ISBN | : 0191088781 |
This edition of The Handbook of Mortgage-Backed Securities, the first revision following the subprime mortgage crisis, is designed to provide not only the fundamentals of these securities and the investment characteristics that make them attractive to a broad range of investors, but also extensive coverage on the state-of-the-art strategies for capitalizing on the opportunities in this market. The book is intended for both the individual investor and the professional manager. The volume includes contributions from a wide range of experts most of whom have been actively involved in the evolution of the mortgage-backed securities market.
Author | : United States. Congress. Senate. Committee on Homeland Security and Governmental Affairs. Permanent Subcommittee on Investigations |
Publisher | : |
Total Pages | : 1572 |
Release | : 2010 |
Genre | : Bank failures |
ISBN | : |
Author | : Christopher E. Herbert |
Publisher | : DIANE Publishing |
Total Pages | : 83 |
Release | : 2010-06 |
Genre | : Law |
ISBN | : 1437929273 |
Analyzes data and trends in the residential housing market and reviews the academic lit. and industry press on the root causes of the current foreclosure crisis (FC). Provides a review of policy responses and recommended actions to mitigate the FC and help prevent similar crises from occurring in the future. Contents: (1) Trends in Delinquencies and Foreclosures: Regional Trends in Foreclosures; (2) Lit. Review: General Lit. on Causes of Foreclosures and Delinquencies; Lit. Assessing Causes of the Current FC; Factors Enabling Expanded Risky Lending; (3) Policy Responses to the FC: Efforts To Address Rising Foreclosures; Efforts To Reduce the Risk of High Rates of Mortgage Foreclosures in the Future; Mortgage Market Reform. Illus.
Author | : Douglas D Evanoff |
Publisher | : World Scientific |
Total Pages | : 313 |
Release | : 2018-03-08 |
Genre | : Business & Economics |
ISBN | : 981322956X |
The central goal of this volume was to assemble outstanding scholars and policymakers in the field of financial markets and institutions and have them articulate significant market developments in their particular areas of expertise during the past few decades.Not just a celebratory volume, Public Policy and Financial Economics selected internationally recognized financial economists who have worked with Professor Kaufman during his years of scholarly research, and have a combined mastery of specialized financial markets themes and, very importantly, knowledge of public policies in the areas. All 15 chapters offer unique, innovative, and exciting expositions of several critical topics in financial economics.