The Great American Housing Bubble : What Went Wrong and How We Can Protect Ourselves in the Future /

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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 déjà vu...

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Detalles Bibliográficos
Clasificación:Libro Electrónico
Autores principales: Levitin, Adam J. (Autor), Wachter, Susan M. (Autor)
Formato: Electrónico eBook
Idioma:Inglés
Publicado: Cambridge, MA : Harvard University Press, [2020]
Temas:
Global Financial Crisis, 2008-2009.
Housing > United States > Finance > History.
Mortgage loans > United States > History.
BUSINESS & ECONOMICS / Economic History.
Acceso en línea:Texto completo
Texto completo
Tabla de Contenidos:
  • Frontmatter
  • Contents
  • Preface
  • Introduction: In Praise of Homeownership
  • 1. Housing Finance before the New Deal 2 The New Deal Mortgage
  • 2. The New Deal Mortgage
  • 3. The Rise of Securitization
  • 4. The Boom and the Bubble
  • 5. The Bubble Bursts
  • 6. Timing the Bubble
  • 7. Demand or Supply?
  • 8. Theories of the Bubble
  • 9. The Wall Street Securitization Bubble
  • 10. The Key Market Failure
  • 11. Postcrisis Reforms and Developments
  • 12. Principles for Reform
  • 13. Meet Franny Meg
  • Conclusion
  • Appendix A: The Pre-New Deal Farm Finance System
  • Appendix B: The Levitin-Wachter Subprime PLS Dataset
  • Appendix C: CDO Manager Compensation
  • Glossary
  • Notes
  • Acknowledgments
  • Index

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