Deconstructing a Mortgage Meltdown: A Methodology for Decomposing Underwriting Quality
نویسندگان
چکیده
منابع مشابه
Anatomy of a Train Wreck: Causes of the Mortgage Meltdown
Why did the mortgage market melt down so badly? Why were there so many defaults when the economy was not particularly weak? Why were the securities based upon these mortgages not considered anywhere as risky as they actually turned out to be? It is the thesis of this paper that, in an attempt to increase homeownership, particularly by minorities and the less affluent, an attack on underwriting ...
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ژورنال
عنوان ژورنال: Journal of Money, Credit and Banking
سال: 2011
ISSN: 0022-2879
DOI: 10.1111/j.1538-4616.2011.00389.x