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...
Saved in:
Superior document: | Title is part of eBook package: De Gruyter HUP eBook-Package Pilot Project 2020 |
---|---|
VerfasserIn: | |
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.) |
Tags: |
Add Tag
No Tags, Be the first to tag this record!
|
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