The Great American Housing Bubble : : What Went Wrong and How We Can Protect Ourselves in the Future / / Adam J. Levitin, Susan M. Wachter.
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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Place / Publishing House: | Cambridge, MA : : Harvard University Press, , [2020] ©2020 |
Year of Publication: | 2020 |
Language: | English |
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Physical Description: | 1 online resource (352 p.) |
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Levitin, Adam J., author. aut http://id.loc.gov/vocabulary/relators/aut The Great American Housing Bubble : What Went Wrong and How We Can Protect Ourselves in the Future / Adam J. Levitin, Susan M. Wachter. Cambridge, MA : Harvard University Press, [2020] ©2020 1 online resource (352 p.) text txt rdacontent computer c rdamedia online resource cr rdacarrier text file PDF rda 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 restricted access http://purl.org/coar/access_right/c_16ec online access with authorization star 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, w¬e need carefully regulated securitization. Mode of access: Internet via World Wide Web. In English. Description based on online resource; title from PDF title page (publisher's Web site, viewed 26. Mai 2021) Global Financial Crisis, 2008-2009. Housing United States Finance History. Mortgage loans United States History. BUSINESS & ECONOMICS / Economic History. bisacsh Wachter, Susan M., author. aut http://id.loc.gov/vocabulary/relators/aut Title is part of eBook package: De Gruyter HUP eBook-Package Pilot Project 2020 9783110690057 https://doi.org/10.4159/9780674246942 https://www.degruyter.com/isbn/9780674246942 Cover https://www.degruyter.com/cover/covers/9780674246942.jpg |
language |
English |
format |
eBook |
author |
Levitin, Adam J., Levitin, Adam J., Wachter, Susan M., |
spellingShingle |
Levitin, Adam J., Levitin, Adam J., Wachter, Susan M., The Great American Housing Bubble : What Went Wrong and How We Can Protect Ourselves in the Future / 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 |
author_facet |
Levitin, Adam J., Levitin, Adam J., Wachter, Susan M., Wachter, Susan M., Wachter, Susan M., |
author_variant |
a j l aj ajl a j l aj ajl s m w sm smw |
author_role |
VerfasserIn VerfasserIn VerfasserIn |
author2 |
Wachter, Susan M., Wachter, Susan M., |
author2_variant |
s m w sm smw |
author2_role |
VerfasserIn VerfasserIn |
author_sort |
Levitin, Adam J., |
title |
The Great American Housing Bubble : What Went Wrong and How We Can Protect Ourselves in the Future / |
title_sub |
What Went Wrong and How We Can Protect Ourselves in the Future / |
title_full |
The Great American Housing Bubble : What Went Wrong and How We Can Protect Ourselves in the Future / Adam J. Levitin, Susan M. Wachter. |
title_fullStr |
The Great American Housing Bubble : What Went Wrong and How We Can Protect Ourselves in the Future / Adam J. Levitin, Susan M. Wachter. |
title_full_unstemmed |
The Great American Housing Bubble : What Went Wrong and How We Can Protect Ourselves in the Future / Adam J. Levitin, Susan M. Wachter. |
title_auth |
The Great American Housing Bubble : What Went Wrong and How We Can Protect Ourselves in the Future / |
title_alt |
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 |
title_new |
The Great American Housing Bubble : |
title_sort |
the great american housing bubble : what went wrong and how we can protect ourselves in the future / |
publisher |
Harvard University Press, |
publishDate |
2020 |
physical |
1 online resource (352 p.) |
contents |
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 |
isbn |
9780674246942 9783110690057 |
callnumber-first |
H - Social Science |
callnumber-subject |
HG - Finance |
callnumber-label |
HG2040 |
callnumber-sort |
HG 42040.5 U5 L48 42020 |
geographic_facet |
United States |
url |
https://doi.org/10.4159/9780674246942 https://www.degruyter.com/isbn/9780674246942 https://www.degruyter.com/cover/covers/9780674246942.jpg |
illustrated |
Not Illustrated |
dewey-hundreds |
300 - Social sciences |
dewey-tens |
330 - Economics |
dewey-ones |
332 - Financial economics |
dewey-full |
332.7/20973090511 |
dewey-sort |
3332.7 1120973090511 |
dewey-raw |
332.7/20973090511 |
dewey-search |
332.7/20973090511 |
doi_str_mv |
10.4159/9780674246942 |
oclc_num |
1153080086 |
work_keys_str_mv |
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ids_txt_mv |
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cr |
hierarchy_parent_title |
Title is part of eBook package: De Gruyter HUP eBook-Package Pilot Project 2020 |
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The Great American Housing Bubble : What Went Wrong and How We Can Protect Ourselves in the Future / |
container_title |
Title is part of eBook package: De Gruyter HUP eBook-Package Pilot Project 2020 |
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