資料詳細

  • 1 件中、 1 件目

[ 洋図書 ] The great American housing bubble : what went wrong and how we can protect ourselves in the future /

Adam J. Levitin, Susan M. Wachter. -- Harvard University Press, -- 2020, --

所蔵

所蔵は 1 件です。

所蔵館 所蔵場所 資料区分 請求記号 資料コード 所蔵状態 資料の利用
配架日 協力貸出 利用状況 返却予定日 資料取扱 予約数 付録注記 備考
中央 2F 一般洋図書 F/338.2/L66/G 7113312987 配架図 Digital BookShelf
2021/02/09 可能 利用可   0

Eメールによる郵送複写申込みは、「東京都在住」の登録利用者の方が対象です。

    • 統合検索
      都内図書館の所蔵を
      横断検索します。       類似資料 AI Shelf
      この資料に類似した資料を
      AIが紹介します。

ページの先頭へ

資料詳細 閉じる

ISBN 0674979656 (hardcover)
ISBN13桁 9780674979659 (hardcover)
テキストの言語 英語                  
分類：NDC10版 338.253
個人著者標目 Levitin, Adam Jeremiah.
本タイトル The great American housing bubble :
タイトル関連情報 what went wrong and how we can protect ourselves in the future /
著者名 Adam J. Levitin, Susan M. Wachter.
出版地・頒布地 Cambridge, Massachusetts :
出版者・頒布者名 Harvard University Press,
出版年・頒布年 2020,
数量 xix, 380 pages :
他の形態的事項 illustrations ;
大きさ 25 cm.
書誌注記 Includes bibliographical references and index.
内容注記 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 Wall Street securitization bubble -- The key market failure -- Postcrisis reforms and developments -- Principles for reform -- Meet Franny Meg.
要約、抄録、注釈等 "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 securitization" by Wall Street banks. This change set off a race to the bottom in mortgage underwriting standards, as banks competed in laxity to gain market share. The Great American Housing Bubble tells the story of the transformation of mortgage lending from a dysfunctional, local affair, featuring short-term, interest-only "bullet" loans, to a robust, national market based around the thirty-year fixed-rate mortgage, a uniquely American innovation that served as the foundation for the middle class. Levitin and Wachter show how Fannie and Freddie's market power kept risk in check until 2003, when mortgage financing shifted sharply to private-label securitization, as lenders looked for a way to sustain lending volume following an unprecedented refinancing wave. Private-label securitization brought a return of bullet loans, which had lower initial payments-enabling borrowers to borrow more-but much greater back-loaded risks. These loans produced a vast oversupply of underpriced mortgage finance that drove up home prices unsustainably. When the bubble burst, it set off a destructive downward spiral of home prices and foreclosures. Levitin and Wachter propose a rebuild of the housing finance system that ensures the widespread availability of the thirty-year fixed-rate mortgage, while preventing underwriting competition and shifting risk away from the public to private investors"-- Provided by publisher.
著者標目 Wachter, Susan M.
団体件名 Freddie Mac (Firm)
Federal National Mortgage Association.
一般件名 Mortgage loans -- History. -- United States
Housing -- History. -- United States
地名件名 United States.
USA
資料情報1 『The great American housing bubble : what went wrong and how we can protect ourselves in the future /』　Adam J. Levitin, Susan M. Wachter.　Harvard University Press,　2020, （所蔵館：中央　 請求記号：F/338.2/L66/G　 資料コード：7113312987）
URL https://catalog.library.metro.tokyo.lg.jp/winj/opac/switch-detail.do?lang=ja&bibid=1352045369

ページの先頭へ