The Great American Housing Bubble What Went Wrong and How We Can Protect Ourselves in the Future.

"The American housing bubble of the 2000s caused the worst global financial crisis since the Great Depression. In this definitive account, Adam Levitin and Susan Wachter pinpoint its source: the shift in mortgage financing from securitization by Fannie Mae and Freddie Mac to "private-label...

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Bibliographic Details
Main Author: Levitin, Adam J.
Other Authors: Wachter, Susan M.
Format: eBook
Language:English
Published: Cambridge Harvard University Press, 2020.
Subjects:
Online Access:EBSCOhost
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Table of Contents:
  • Introduction: In praise of homeownership
  • Housing finance before the New Deal
  • The New Deal mortgage
  • The rise of securitization
  • The boom and the bubble
  • The bubble bursts
  • Timing the bubble
  • Demand or supply?
  • Theories of the bubble
  • The securitization daisy chain
  • Information failure
  • Post-crisis reforms and developments
  • Principles for reform
  • Meet Franny Meg.