What Is Securitization?

Know about the book -

What Is Securitization? is written by Mark Zandi and published by Pearson Education. It's available with International Standard Book Number or ISBN identification 0131377868 (ISBN 10) and 9780131377868 (ISBN 13).

This Element is an excerpt form Financial Shock: Global Panic and Government Bailouts--How We Got Here and What Must Be Done to Fix It (ISBN: 9780137016631) by Mark Zandi. Available in print and digital formats. Pull back the curtain on the subprime mortgage collapse and discover what really happened. To fully understand the subprime mortgage implosion, you need to know how subprime mortgages were financed. Fundamentally, loans either are financed directly by financial institutions such as commercial banks and thrift institutions or are repackaged as bonds (that is, securitized) and sold to investors, who keep or trade them. The overwhelming majority of subprime loans were securitized...