Is Securitization an Obstacle to Subprime Borrower Workouts?

Considers impact on subprime borrower workouts of securitization, which is the transformation of a group of similar assets, such as mortgages, into marketable securities. Discusses Financial Accounting Standards Board 140 rule, true sales, and curing bad loans; real estate mortgage investment condui...

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Bibliographic Details
Corporate Authors:	Library of Congress. Congressional Research Service, ProQuest (Firm)
Format:	eBook
Language:	English
Published:	[Place of publication not identified] : [publisher not identified], 2007.
Series:	U.S. Congressional Research.
Subjects:	Finance > Law and legislation. Investments. Mortgages. Electronic books.
Online Access:	Connect to the full text of this electronic book

Description
Summary:	Considers impact on subprime borrower workouts of securitization, which is the transformation of a group of similar assets, such as mortgages, into marketable securities. Discusses Financial Accounting Standards Board 140 rule, true sales, and curing bad loans; real estate mortgage investment conduit structure, divergent investor interests, and "tranche warfare;" and private bargaining solutions.
Item Description:	Record is based on bibliographic data in ProQuest U.S. Congressional Research Digital Collection (last viewed Dec. 2010). Reuse except for individual research requires license from ProQuest, LLC. CRS Report. Electronic resource.
Physical Description:	1 online resource.