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 … how rating agencies assign credit ratings to mortgage-backed securities, and outline how these agencies monitor the … Century Financial during 2006. -- Subprime mortgage credit ; securitization ; rating agencies ; principal agent ; moral hazard …