Great American Housing Bubble

Great American Housing Bubble

Autor

Adam J Levitin Susan M Wachter

Editura

Harvard University Press

An publicare

2020

Nr. Pagini

352

ISBN

9780674979659

Categorii

In Limbi Străine

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Descriere

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 deja vu, we need carefully regulated securitization.

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