Extent: | XVIII, 411 S. graph. Darst. |
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Type of publication: | Book / Working Paper |
Language: | English |
Notes: | Includes bibliographical references and index IntroductionThe difference between prime and nontraditional mortgages (NTMS) -- Red herrings : other explanations for the crisis -- The housing finance market before the affordable housing goals -- Government housing policies kick in -- The affordable housing goals and the decline in underwriting standards -- Force fed : the affordable housing goals, the gses, and the NTMS -- Going viral : competition spreads the gses' reduced underwriting standards to the wider market -- The great housing bubble -- Ignorance and bliss : what was known about the NTM market before the crisis -- How 32 million NTMS precipitated a financial crisis -- Fair value accounting and collateral damage -- Bad to worse : the government response -- Conclusion. |
ISBN: | 978-1-59403-770-2 ; 978-1-59403-771-9 |
Source: | ECONIS - Online Catalogue of the ZBW |
Persistent link: https://www.econbiz.de/10010467816