The rise and fall of the U.S. mortgage and credit markets : a comprehensive analysis of the market meltdown / James R. Barth [and others].
- Additional Titles:
- Rise and fall of the United States mortgage and credit markets
- Hoboken, N.J. : Wiley, 
- Copyright Date:
- Physical Description:
- xxxiii, 526 pages : illustrations, maps ; 24 cm
- Additional Creators:
- Barth, James R.
- Overleveraged, from Main Street to Wall Street -- Overview of the Housing and Mortgage Markets -- Housing Units, Mortgage Debt, and Household Wealth -- Types of Home Mortgages -- Two Housing Finance Models: Originate-to-Hold vs. Originate-to-Distribute -- Low Interest Rates Contribute to Credit Boom and Record Homeownership Rates -- Mortgage Originations, Home Prices, and Sales Skyrocket -- Buildup and Meltdown of the Mortgage and Credit Markets -- What Is a Subprime Mortgage and Who Is a Subprime Borrower? -- Subprime Lending Grows Rapidly and New Products Gain Acceptance -- Subprime Mortgages Enable More Widespread Homeownership -- Securitization Facilitates the Funding of Subprime Mortgages -- The Housing Bubble Reaches the Breaking Point -- The Collapse Begins -- When Will the Crisis End? -- What Is the Damage Scorecard to Date? -- The Pain Spreads throughout the Financial Sector and Beyond -- When Will We Hit Bottom? -- What Went Wrong . . . ? -- . . . with Origination Practices and New Financial Products? -- . . . with Securitization and Rating Agencies? -- . . . with Leverage and Accounting Practices? -- . . . with Fannie Mae and Freddie Mac? -- . . . with Tax Benefits for Homeownership? -- . . . with Regulation and Supervision? -- . . . with the Greed Factor? -- Assessing the Role of Various Factors to Explain Foreclosures -- So Far, Only Piecemeal Fixes -- The Landscape Shifts for Lenders -- The Federal Reserve Intervenes to Provide Liquidity and Higher-Quality Collateral -- Congress and the White House Take Steps to Contain the Damage -- The FDIC Takes Steps to Instill Greater Confidence in Depository Institutions -- The Government's Actions Drive up the Deficit -- Where Should We Go from Here? -- Key Factors That Should Drive Reform -- Issues for Policymakers -- Concluding Thoughts.
- Bibliography Note:
- Includes bibliographical references (pages 479-505) and index.
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