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OverviewIn 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. Full Product DetailsAuthor: Milton R SpotgestePublisher: Nova Science Publishers Inc Imprint: Nova Science Publishers Inc Weight: 0.578kg ISBN: 9781606922002ISBN 10: 1606922009 Pages: 186 Publication Date: 04 January 2009 Audience: College/higher education , Professional and scholarly , Undergraduate , Postgraduate, Research & Scholarly Format: Hardback Publisher's Status: Active Availability: Out of stock The supplier is temporarily out of stock of this item. It will be ordered for you on backorder and shipped when it becomes available. Table of ContentsReviewsAuthor InformationTab Content 6Author Website:Countries AvailableAll regions |
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