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

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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Bibliographic Details
Superior document:Title is part of eBook package: De Gruyter HUP eBook-Package Pilot Project 2020
VerfasserIn:
Levitin, Adam J.,
Wachter, Susan M.,
Place / Publishing House:Cambridge, MA : : Harvard University Press, , [2020]
©2020
Year of Publication:2020
Language:English
Online Access:
Physical Description:1 online resource (352 p.)
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Table of 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

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