Author: Adam B. Ashcraft
Publisher: DIANE Publishing
ISBN: 1437925146
Category :
Languages : en
Pages : 76
Book Description
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.
Understanding the Securitization of Subprime Mortgage Credit
Author: Adam B. Ashcraft
Publisher: DIANE Publishing
ISBN: 1437925146
Category :
Languages : en
Pages : 76
Book Description
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.
Publisher: DIANE Publishing
ISBN: 1437925146
Category :
Languages : en
Pages : 76
Book Description
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.
The Economist
Author:
Publisher:
ISBN:
Category : Commerce
Languages : en
Pages : 1864
Book Description
Publisher:
ISBN:
Category : Commerce
Languages : en
Pages : 1864
Book Description
Truth
Author:
Publisher:
ISBN:
Category :
Languages : en
Pages : 942
Book Description
Publisher:
ISBN:
Category :
Languages : en
Pages : 942
Book Description
Memorandum on Commercial Banks
Author: League of Nations
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 440
Book Description
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 440
Book Description
Mortgages and Leases of the Pennsylvania Railroad and Leased Lines
Author: Pennsylvania Railroad
Publisher:
ISBN:
Category :
Languages : en
Pages : 832
Book Description
Publisher:
ISBN:
Category :
Languages : en
Pages : 832
Book Description
The Statist
Author:
Publisher:
ISBN:
Category : Commerce
Languages : en
Pages : 912
Book Description
Publisher:
ISBN:
Category : Commerce
Languages : en
Pages : 912
Book Description
Listing Statements of the New York Stock Exchange
Author: New York Stock Exchange
Publisher:
ISBN:
Category : Securities
Languages : en
Pages : 456
Book Description
Publisher:
ISBN:
Category : Securities
Languages : en
Pages : 456
Book Description
Statist
Author:
Publisher:
ISBN:
Category : Commerce
Languages : en
Pages : 1548
Book Description
Publisher:
ISBN:
Category : Commerce
Languages : en
Pages : 1548
Book Description
Book of Prospectuses
Author:
Publisher:
ISBN:
Category : Bonds
Languages : en
Pages : 150
Book Description
Publisher:
ISBN:
Category : Bonds
Languages : en
Pages : 150
Book Description
Outlook
Author: Alfred Emanuel Smith
Publisher:
ISBN:
Category :
Languages : en
Pages : 680
Book Description
Publisher:
ISBN:
Category :
Languages : en
Pages : 680
Book Description