The great American housing bubble: what went wrong and how we can protect ourselves in the future

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 déjà vu...

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Hauptverfasser: Levitin, Adam J. (VerfasserIn), Wachter, Susan M. 1943- (VerfasserIn)
Format: Elektronisch E-Book
Sprache:English
Veröffentlicht: Cambridge ; London Harvard University Press 2020
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Zusammenfassung: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 déjà vu, w¬e need carefully regulated securitization
Beschreibung:1 Online-Ressource (xix, 380 Seiten)
ISBN:9780674246942
9780674246928
9780674246935
DOI:10.4159/9780674246942

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