Prudent lending restored
Subtitle: securitization after the mortgage meltdown
By: Yasuyuki Fuchita, Richard J. Herring, Robert E. Litan, editors.
Contributors: Fuchita, Yasuyuki, 1958-; Herring, Richard.; Litan, Robert E., 1950-
Publisher: Nomura Institute of Capital Markets Research; Brookings Institution Press
Published: 2009
Place of publication: Tokyo; Washington, D.C
Language: eng
Number of pages: 326
ISBN-13: 9780815703365
Subjects: Asset-backed financing; Mortgage loans; Financial crises
Description: "Examining growth of complex securitized structures in U.S. and world markets, provides a timeline of key events, proposing explanations for the resulting financial crisis. Offers suggestions on securitization reform, including a solution to insure the mortgage market against default risk. Provides strategies to increase transparency and encourage more prudent lending"--Provided by publisher.
Notes: Includes bibliographical references and index.
Table of contents: title: Preface; title: 1. The future of securitization : an introduction / Yasuyuki Fuchita, Richard J. Herring, and Robert E. Litan; title: 2. Financial turmoil and central bank responses in the United States, United Kingdom, European Union, and Japan / Robert A. Eisenbeis; title: 3. Structuring for leverage : CPDOs, SIVs, and ARSs / Joseph R. Mason; title: 4. The future of securitization / Günter Franke and Jan P. Krahnen; title: 5. Legal and economic issues in litigation arising from the 2007-08 credit crisis / Jennifer E. Bethel, Allen Ferrell, and Gang Hu; title: 6. Mortgage payment insurance and the future of the housing finance system / Jack Guttentag and Igor Roitburg; title: 7. The development and future of securitization in Asia / Eiichi Sekine, Kei Kodachi, and Tetsuya Kamiyama