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

Adam B. Ashcraft (u. a.)

ISBN 10: 1300051523 / ISBN 13: 9781300051527

Published by Lulu.com, 2012

About this Item

Understanding the Securitization of Subprime Mortgage Credit | Federal Reserve Bank of New York Staff Report no. 318 | Adam B. Ashcraft (u. a.) | Taschenbuch | Kartoniert / Broschiert | Englisch | 2012 | [.] | EAN 9781300051527 | Verantwortliche Person für die EU: Libri GmbH, Europaallee 1, 36244 Bad Hersfeld, gpsr[at]libri[dot]de | Anbieter: preigu Print on Demand.

Seller Inventory # 123758528

Bibliographic Details

• Title: Understanding the Securitization of Subprime Mortgage Credit | Federal Reserve Bank of New York Staff Report no. 318
• Publisher: Lulu.com
• Publication Date: 2012
• Language: English
• ISBN 10: 1300051523
• ISBN 13: 9781300051527
• Binding: Taschenbuch
• Condition: Neu
• Dimensions: 229W x 152H x 5D millimeters 229 millimeters width by 152 millimeters height by 5 millimeters depth
• Weight: 136 grams
• Seller catalogs:
  • Bücher

About this title

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)