Study Says New Mortgage Securitization Model Can Work, But It Has to Be Built With Care
October 2, 2009
Proposals to require issuers of mortgage securities to retain some “skin in the game” as a cure to the laissez-faire mentality that led to the subprime market meltdown run the risk of being too simplistic or so onerous that they discourage securitization altogether, according to a new report by the International Monetary Fund. The Obama administration and key Democrats in the House of...