General Book Search for "9780674979659"

The Great American Housing Bubble

Hardback
Published : Tuesday 9 June 2020
ISBN : 9780674979659
Price : €47.91


Description

Adam Levitin and Susan Wachter argue that the housing bubble of the 2000s was caused by private-label securitization. Competition among Wall Street banks set off a race to the bottom in mortgage underwriting that inflated home prices but yielded huge profits before the bubble burst. To avoid dAcjA  vu, wA¬e need carefully regulated securitization.



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