Securization of Subprime Mortgages (Financial Institutions and Services Series) |  | Creator: Milton R. Spotgeste
Publisher: Nova Science Publishers
Category: Book
Buy New: $89.00
as of 7/31/2010 21:01 CDT details
New (11) Used (3) from $89.00
Seller: Amazon.com
Sales Rank: 1641735
Media: Hardcover
Pages: 186
Number Of Items: 1
Shipping Weight (lbs): 1.3
Dimensions (in): 10.5 x 7.2 x 0.7
ISBN: 1606922009
Dewey Decimal Number: 332.72
EAN: 9781606922002
ASIN: 1606922009
Publication Date: December 15, 2009
Shipping: Eligible for FREE Super Saver Shipping
Availability: Usually ships in 1 to 3 months
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Product Description
In this book, the authors provide an overview of the sub-prime mortgage securitisation process and the seven key informational frictions that arise. They discuss the ways that market participants work to minimise these frictions and speculate on how this process broke down. They continue with a complete picture of the sub-prime borrower and the sub-prime loan, discussing both predatory borrowing and predatory lending. They present the key structural features of a typical sub-prime securitisation, document how rating agencies assign credit ratings to mortgage-backed securities, and outline how these agencies monitor the performance of mortgage pools over time.
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