, including a push for homeownership as the normalized tenure and a commodity unto itself. Scholars suggest this push for … homeownership is part and parcel of a neoliberal asset-based welfare to supplement, or even outright replace, traditionally defined … benefit pension schemes. These policies individualize risk and re-fashion individual citizens as long-term financial planners …

We explore the impact of mortgage securitization on the international diversification of macroeconomic risk. By making … risk sharing: we find that countries with the most highly developed markets for securitized mortgage debt have consumption … mortgage-related risks internationally tradeable, securitization contributes considerably to better international consumption …

misleading investors with respect to the default risk on mortgage backed securities (MBS). This paper argues that, to the … detriment of investors, the CRA did not incorporate information available to securitizers in their ratings of subprime mortgage … Moody's Investor Services projections of loss for these mortgage pools. The percent of principal balances rated triple-A is …