Ashcraft, Adam B. (contributor); Schuermann, Til (contributor) - 2008
In this paper, we provide an overview of the subprime mortgage securitization process and the seven key informational … Century Financial during 2006. -- Subprime mortgage credit ; securitization ; rating agencies ; principal agent ; moral hazard … predatory borrowing and predatory lending. We present the key structural features of a typical subprime securitization, document …
