Understanding the Securitization of Subprime Mortgage Credit: Federal Reserve Bank of New York Staff Report no. 318 - Couverture souple

Ashcraft, Adam B.; Schuermann, Til

 
9781300051527: Understanding the Securitization of Subprime Mortgage Credit: Federal Reserve Bank of New York Staff Report no. 318

Synopsis

This is an overview of the subprime mortgage securitization process and seven key informational frictions that arise. The authors discuss the ways that market participants work to minimize these frictions and speculate on how this process broke down. They offer a complete picture of the subprime borrower and the subprime loan, discussing both predatory borrowing and predatory lending. They present the key structural features of a typical subprime securitization, document how rating agencies assign credit ratings to mortgage-backed securities, and outline how these agencies monitor the performance of mortgage pools over time. (Originally published as a Federal Reserve Bank of New York Staff Report)

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Présentation de l'éditeur

This Is An Overview Of The Subprime Mortgage Securitization Process And Seven Key Informational Frictions That Arise. The Authors Discuss The Ways That Market Participants Work To Minimize These Frictions And Speculate On How This Process Broke Down. They Offer A Complete Picture Of The Subprime Borrower And The Subprime Loan, Discussing Both Predatory Borrowing And Predatory Lending. They Present The Key Structural Features Of A Typical Subprime Securitization, Document How Rating Agencies Assign Credit Ratings To Mortgage-Backed Securities, And Outline How These Agencies Monitor The Performance Of Mortgage Pools Over Time. (Originally Published As A Federal Reserve Bank Of New York Staff Report)

Les informations fournies dans la section « A propos du livre » peuvent faire référence à une autre édition de ce titre.

Autres éditions populaires du même titre

9781448627769: Understanding the Securitization of Subprime Mortgage Credit: Federal Reserve Bank of New York Staff Report no. 318

Edition présentée

ISBN 10 :  1448627761 ISBN 13 :  9781448627769
Editeur : CreateSpace Independent Publishi..., 2008
Couverture souple