Prudent lending restored : securitization after the mortgage meltdown / Yasuyuki Fuchita, Richard J. Herring, Robert E. Litan, editors.

Format:

Book

Contributor:

Fuchita, Yasuyuki, 1958-

Herring, Richard.

Litan, Robert E., 1950-

Language:

English

Subjects (All):

Asset-backed financing.

Mortgage loans.

Financial crises.

Physical Description:

1 online resource (337 p.)

Edition:

1st ed.

Place of Publication:

Tokyo : Nomura Institute of Capital Markets Research ; Washington, D.C. : Brookings Institution Press, c2009.

Language Note:

English

Summary:

"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.

Contents:

Preface

1. The future of securitization : an introduction / Yasuyuki Fuchita, Richard J. Herring, and Robert E. Litan

2. Financial turmoil and central bank responses in the United States, United Kingdom, European Union, and Japan / Robert A. Eisenbeis

3. Structuring for leverage : CPDOs, SIVs, and ARSs / Joseph R. Mason

4. The future of securitization / Gunter Franke and Jan P. Krahnen

5. Legal and economic issues in litigation arising from the 2007-08 credit crisis / Jennifer E. Bethel, Allen Ferrell, and Gang Hu

6. Mortgage payment insurance and the future of the housing finance system / Jack Guttentag and Igor Roitburg

7. The development and future of securitization in Asia / Eiichi Sekine, Kei Kodachi, and Tetsuya Kamiyama.

Notes:

Description based upon print version of record.

Includes bibliographical references and index.

ISBN:

9786612403682

9780815703990

0815703996

9781282403680

1282403680

OCLC:

489260257