{"product_id":"the-rise-and-fall-of-the-us-mortgage-and-credit-markets-a-comprehensive-analysis-of-the-market-meltdown-hardback-9780470477243","title":"The Rise and Fall of the US Mortgage and Credit Markets; A Comprehensive Analysis of the Market Meltdown (Hardback) 9780470477243","description":"\u003cfont face=\"Georgia\"\u003e\r\n\u003cp\u003e\u003cfont size=\"6\"\u003eThe Rise and Fall of the US Mortgage and Credit Markets\u003c\/font\u003e\u003cbr\u003e\r\n\u003cfont size=\"5\"\u003eA Comprehensive Analysis of the Market Meltdown\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\r\n\r\n\r\n\u003cp\u003e\u003cfont size=\"4\"\u003eJames Barth (Author)\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003e9780470477243, Wiley\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003eHardback, published 22 May 2009\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003e562 pages, Tables: 106 B\u0026amp;W, 0 Color\u003cbr\u003e23.5 x 16 x 4.4 cm, 0.826 kg\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\r\n\r\n\r\n\r\n\u003cp align=\"justify\"\u003e\u003cstrong\u003e\u003cfont size=\"3\"\u003e\u003cp\u003eThe mortgage meltdown: what went wrong and how do we fix it?\u003c\/p\u003e \u003cp\u003eOwning a home can bestow a sense of security and independence. But today, in a cruel twist, many Americans now regard their homes as a source of worry and dashed expectations. How did everything go haywire? And what can we do about it now?\u003c\/p\u003e \u003cp\u003eIn \u003ci\u003eThe Rise and Fall of the U.S. Mortgage and Credit Markets,\u003c\/i\u003e renowned finance expert James Barth offers a comprehensive examination of the mortgage meltdown. Together with a team of economists at the Milken Institute, he explores the shock waves that have rippled through the entire financial sector and the real economy. Deploying an incredibly detailed and extensive set of data, the book offers in-depth analysis of the mortgage meltdown and the resulting worldwide financial crisis. This authoritative volume explores what went wrong in every critical area, including securitization, loan origination practices, regulation and supervision, Fannie Mae and Freddie Mac, leverage and accounting practices, and of course, the rating agencies. The authors explain the steps the government has taken to address the crisis thus far, arguing that we have yet to address the larger issues.\u003c\/p\u003e \u003cul\u003e \u003cli\u003eOffers a comprehensive examination of the mortgage market meltdown and its reverberations throughout the financial sector and the real economy\u003c\/li\u003e \u003cli\u003eExplores several important issues that policymakers must address in any future reshaping of financial market regulations\u003c\/li\u003e \u003cli\u003eAddresses how we can begin to move forward and prevent similar crises from shaking the foundations of our financial system\u003c\/li\u003e \u003c\/ul\u003e \u003cp\u003e\u003ci\u003eThe Rise and Fall of the U.S. Mortgage and Credit Markets\u003c\/i\u003e analyzes the factors that should drive reform and explores the issues that policymakers must confront in any future reshaping of financial market regulations.\u003c\/p\u003e\u003c\/font\u003e\u003c\/strong\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003e\u003cp\u003eList of Illustrations xi\u003c\/p\u003e \u003cp\u003eList of Tables xxv\u003c\/p\u003e \u003cp\u003eAcknowledgments xxxiii\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 1 Overleveraged, from Main Street to Wall Street 1\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 2 Overview of the Housing and Mortgage Markets 9\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eHousing Units, Mortgage Debt, and Household Wealth 9\u003c\/p\u003e \u003cp\u003eTypes of Home Mortgages 15\u003c\/p\u003e \u003cp\u003eTwo Housing Finance Models: Originate-to-Hold vs. Originate-to-Distribute 22\u003c\/p\u003e \u003cp\u003eLow Interest Rates Contribute to Credit Boom and Record Homeownership Rates 29\u003c\/p\u003e \u003cp\u003eMortgage Originations, Home Prices, and Sales Skyrocket 36\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 3 Buildup and Meltdown of the Mortgage and Credit Markets 41\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eWhat Is a Subprime Mortgage and Who Is a Subprime Borrower? 42\u003c\/p\u003e \u003cp\u003eSubprime Lending Grows Rapidly and New Products Gain Acceptance 46\u003c\/p\u003e \u003cp\u003eSubprime Mortgages Enable More Widespread Homeownership 56\u003c\/p\u003e \u003cp\u003eSecuritization Facilitates the Funding of Subprime Mortgages 61\u003c\/p\u003e \u003cp\u003eThe Housing Bubble Reaches the Breaking Point 65\u003c\/p\u003e \u003cp\u003eThe Collapse Begins 74\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 4 When Will the Crisis End? 101\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eWhat Is the Damage Scorecard to Date? 102\u003c\/p\u003e \u003cp\u003eThe Pain Spreads throughout the Financial Sector and Beyond 112\u003c\/p\u003e \u003cp\u003eWhen Will We Hit Bottom? 135\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 5 What Went Wrong \u003ci\u003e. . . \u003c\/i\u003e? 143\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003ci\u003e. . . \u003c\/i\u003ewith Origination Practices and New Financial Products? 145\u003c\/p\u003e \u003cp\u003e\u003ci\u003e. . . \u003c\/i\u003ewith Securitization and Rating Agencies? 153\u003c\/p\u003e \u003cp\u003e\u003ci\u003e. . . \u003c\/i\u003ewith Leverage and Accounting Practices? 160\u003c\/p\u003e \u003cp\u003e\u003ci\u003e. . . \u003c\/i\u003ewith Fannie Mae and Freddie Mac? 172\u003c\/p\u003e \u003cp\u003e\u003ci\u003e. . . \u003c\/i\u003ewith Tax Benefits for Homeownership? 182\u003c\/p\u003e \u003cp\u003e\u003ci\u003e. . . \u003c\/i\u003ewith Regulation and Supervision? 184\u003c\/p\u003e \u003cp\u003e\u003ci\u003e. . . \u003c\/i\u003ewith the Greed Factor? 204\u003c\/p\u003e \u003cp\u003eAssessing the Role of Various Factors to Explain Foreclosures 207\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 6 So Far, Only Piecemeal Fixes 219\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eThe Landscape Shifts for Lenders 220\u003c\/p\u003e \u003cp\u003eThe Federal Reserve Intervenes to Provide Liquidity and Higher-Quality Collateral 231\u003c\/p\u003e \u003cp\u003eCongress and the White House Take Steps to Contain the Damage 249\u003c\/p\u003e \u003cp\u003eThe FDIC Takes Steps to Instill Greater Confidence in Depository Institutions 269\u003c\/p\u003e \u003cp\u003eThe Government’s Actions Drive up the Deficit 274\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 7 Where Should We Go from Here? 287\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eKey Factors That Should Drive Reform 289\u003c\/p\u003e \u003cp\u003eIssues for Policymakers 293\u003c\/p\u003e \u003cp\u003eConcluding Thoughts 319\u003c\/p\u003e \u003cp\u003eAppendix 321\u003c\/p\u003e \u003cp\u003eEndnotes 445\u003c\/p\u003e \u003cp\u003eGlossary 451\u003c\/p\u003e \u003cp\u003eReferences 479\u003c\/p\u003e \u003cp\u003eAbout the Milken Institute and General Disclaimer 507\u003c\/p\u003e \u003cp\u003eAbout the Authors 509\u003c\/p\u003e \u003cp\u003eIndex 513\u003c\/p\u003e\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003eSubject Areas: Economics [\u003ca title=\"See our other books on Economics\" href=\"https:\/\/freshlyprintedbooks.co.uk\/search?q=%22Economics%20%5BKC%5D%22\"\u003eKC\u003c\/a\u003e]\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\r\n\u003c\/font\u003e","brand":"Wiley","offers":[{"title":"Brand New","offer_id":52276302741784,"sku":"9780470477243","price":33.49,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0730\/2037\/5320\/files\/9780470477243.jpg?v=1781366444","url":"https:\/\/freshlyprintedbooks.co.uk\/products\/the-rise-and-fall-of-the-us-mortgage-and-credit-markets-a-comprehensive-analysis-of-the-market-meltdown-hardback-9780470477243","provider":"Freshly Printed Books","version":"1.0","type":"link"}