Understanding the Securitization of Subprime Mortgage Credit: Federal Reserve Bank of New York Staff Report no. 318 by Ashcraft, Adam B.

Understanding the Securitization of Subprime Mortgage Credit: Federal Reserve Bank of New York Staff Report no. 318 (Paperback) (ISBN-13: 9781300051527)

Vendor: Adam B. Ashcraft
Product type: Books
Format: Paperback
$12.95
$12.95
$12.95
Subtotal: $12.95
Understanding the Securitization of Subprime Mortgage Credit: Federal Reserve Bank of New York Staff Report no. 318 by Ashcraft, Adam B.

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

$12.95
Understanding the Securitization of Subprime Mortgage Credit: Federal Reserve Bank of New York Staff Report no. 318 by Ashcraft, Adam B.

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

$12.95
Format: Paperback
Description
Description
x
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)

Author: Adam B. Ashcraft, Til Schuermann
ISBN-10: 1300051523
ISBN-13: 9781300051527
Publisher: Lulu.com
Language: English
Published: 08/04/2012
Pages: 84
Format: Paperback
Weight: 0.30lbs
Size: 9.00h x 6.00w x 0.20d

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