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.
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.
Microfiche version: Library of Congress. Congressional Research Service. Is Securitization an Obstacle to Subprime Borrower Workouts?