Franklin

Is Securitization an Obstacle to Subprime Borrower Workouts? [electronic resource].

Author/Creator:
Library of Congress. Congressional Research Service.
Publication:
[S.l] : [s.n.], 2007.
Format/Description:
Government document
Book
1 online resource (5 p., digital, PDF file)
Status/Location:
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Subjects:
Finance -- Law and legislation.
Investments.
Mortgages.
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.
Notes:
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.
Other format:
Microfiche version: Library of Congress. Congressional Research Service. Is Securitization an Obstacle to Subprime Borrower Workouts?
Access Restriction:
Restricted for use by site license.