The Great American Housing Bubble

Know about the book -

The Great American Housing Bubble is written by Adam J. Levitin and published by Harvard University Press. It's available with International Standard Book Number or ISBN identification 0674246926 (ISBN 10) and 9780674246928 (ISBN 13).

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.