Is Securitization an Obstacle to Subprime Borrower Workouts?

Format:

Book

Government document

Author/Creator:

Library of Congress. Congressional Research Service

Language:

English

Subjects (All):

Finance--Law and legislation.

Finance.

Investments.

Mortgages.

Physical Description:

1 online resource

Contained In:

ProQuest U.S. Congressional Research Digital Collection

Place of Publication:

[Place of publication not identified] [publisher not identified] 2007

Summary:

Considers impact on subprime borrower workouts of securitization, which is the transformation of a group of similar assets, such as mortgages, into marketable securities. Discusses Financial Accounting Standards Board 140 rule, true sales, and curing bad loans; real estate mortgage investment conduit structure, divergent investor interests, and "tranche warfare;" and private bargaining solutions

Notes:

CRS Report

Record is based on bibliographic data in ProQuest U.S. Congressional Research Digital Collection (last viewed Dec. 2010). Reuse except for individual research requires license from ProQuest, LLC

Vendor supplied data

Other Format:

Microfiche version Library of Congress Congressional Research Service Is Securitization an Obstacle to Subprime Borrower Workouts?

Publisher Number:

CRS-2007-GVF-0824

Access Restriction:

Restricted for use by site license