Great American Housing Bubble
Adam Levitin and Susan Wachter argue that the housing bubble of the 2000s was caused by private-label securitization. Competition among Wall Street banks set off a race to the bottom in mortgage underwriting that inflated home prices but yielded huge profits before the bubble burst. To avoid deja vu, we need carefully regulated securitization.
500,00DH
Adam Levitin and Susan Wachter argue that the housing bubble of the 2000s was caused by private-label securitization. Competition among Wall Street banks set off a race to the bottom in mortgage underwriting that inflated home prices but yielded huge profits before the bubble burst. To avoid deja vu, we need carefully regulated securitization.
| ISBN / EAN | 9780674979659 |
|---|---|
| Auteur | Levitin, Adam J. |
| Editeur | Harvard University Press |