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The mortgage meltdown: what went wrong and how do we fix it? Owning a home can bestow a sense of security and independence. But today, in a cruel twist, many Americans now regard their homes as a source of worry and dashed expectations. How did everything go haywire? And what can we do about it now? In The Rise and Fall of the U.S. Mortgage and Credit Markets, renowned finance expert James Barth offers a comprehensive examination of the mortgage meltdown. Together with a team of economists at the Milken Institute, he explores the shock waves that have rippled through the entire financial sector and the real economy. Deploying an incredibly detailed and extensive set of data, the book offers in-depth analysis of the mortgage meltdown and the resulting worldwide financial crisis. This authoritative volume explores what went wrong in every critical area, including securitization, loan origination practices, regulation and supervision, Fannie Mae and Freddie Mac, leverage and accounting practices, and of course, the rating agencies. The authors explain the steps the government has taken to address the crisis thus far, arguing that we have yet to address the larger issues. Offers a comprehensive examination of the mortgage market meltdown and its reverberations throughout the financial sector and the real economy Explores several important issues that policymakers must address in any future reshaping of financial market regulations Addresses how we can begin to move forward and prevent similar crises from shaking the foundations of our financial system The Rise and Fall of the U.S. Mortgage and Credit Markets analyzes the factors that should drive reform and explores the issues that policymakers must confront in any future reshaping of financial market regulations.

Secondary Mortgage Market

United States. Congress. House. Committee on Banking, Finance, and Urban Affairs. Subcommittee on Housing and Community Development

Published: 1984

Total Pages: 348


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This book explores how deregulation affect housing finance, and gives the broad patterns of development of institutions participating in mortgage markets. It also explores how the new housing finance system influences the cost and affordability of shelter.
Nearly a decade after the subprime mortgage meltdown of 2008, tens of billions of dollars' worth of real estate remains in distress, and there are sizeable profits to be made by investors in the secondary market. Purchasing nonperforming loans (NPLs) from banks at rock-bottom prices doesn't make you the "bad guy." Resolving this debt doesn't have to come at the expense of the people who defaulted on their mortgages when the housing bubble burst. Just follow Bill Bymel's lead. Bill believes you can help families while enjoying substantial returns on your investments, and he has built a successful business based on that powerful principle. Win-Win Revolution is an essential guide for anyone who may be interested in the NPL market or who is concerned about ethical issues surrounding mortgage servicing. Filled with valuable information and insights, this book covers a host of different scenarios and provides blueprints for creating no-lose solutions that will benefit all parties involved. Bill Bymel understands that default and foreclosure is not a game. It affects families and futures. The true stories and successes he describes in Win-Win Revolution are proof positive that doing the right thing can also be very smart business.