Prudent lending restored
Subtitle: securitization after the mortgage meltdown
By: Yasuyuki Fuchita, Richard Herring, and 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, DC
Language: eng
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.