The Great American Housing Bubble: WhatWent 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, w¬e need carefully regulated securitization.
Author(s): Adam Jeremiah Levitin, Susan M. Wachter
Published: 2020
Pages: 380
Categories: BUSINESS & ECONOMICS