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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Bibliographic Details
Main Author: Levitin, Adam J.
Other Authors: Wachter, Susan M.
Format: eBook
Language:English
Published: Cambridge ; Massachusetts ; London ; England Harvard University Press 2020, ©2020
Subjects:
Usa
Online Access:
Collection: DeGruyter MPG Collection - Collection details see MPG.ReNa
Description
Summary: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.
Physical Description:352 Seiten
ISBN:978-0-674-24694-2
9780674246928
9780674246935