Predatory mortgage securitization

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Predatory mortgage securitization (predatory securitization) is any mortgage securitization products created with lax underwriting standards and improper due diligence.[1][2] It has also been claimed that they contributed to the subprime mortgage crisis of 2007-2008 in the United States.[3]

A book titled The Crime of Our Time by author Danny Schechter delves deeply into the predatory securitization process and the financial collapse of 2007.

References[edit]

  1. ^ http://www.forbes.com/2009/04/24/janet-tavakoli-chase-intelligent-investing-credit.html
  2. ^ http://books.google.com/books?id=zQODcD4D6RYC&pg=PT103&lpg=PT103&dq=%22predatory+securitization+%22&source=bl&ots=FkPBdi0_Gp&sig=7tiaB6D_snHQZI3jMhXgHnQEad0&hl=en&ei=KJsFS7XLA4iMnQfh9_W_Cw&sa=X&oi=book_result&ct=result&resnum=7&ved=0CBUQ6AEwBg#v=onepage&q=%22predatory%20securitization%20%22&f=false
  3. ^ Michael Simkovic, Competition and Crisis in Mortgage Securitization