1.

Record Nr.

UNINA9910455113403321

Titolo

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

Pubbl/distr/stampa

Tokyo, : Nomura Institute of Capital Markets Research

Washington, D.C., : Brookings Institution Press, c2009

ISBN

0-8157-0399-6

9786612403682

1-282-40368-0

Descrizione fisica

1 online resource (337 p.)

Altri autori (Persone)

FuchitaYasuyuki <1958->

HerringRichard

LitanRobert E. <1950->

Disciplina

332.63/27

Soggetti

Asset-backed financing

Mortgage loans

Financial crises

Electronic books.

Lingua di pubblicazione

Inglese

Formato

Materiale a stampa

Livello bibliografico

Monografia

Note generali

Description based upon print version of record.

Nota di bibliografia

Includes bibliographical references and index.

Nota di contenuto

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 / Günter 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.

Sommario/riassunto

"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.