Description
Securitization of Credit
Condition: BRAND NEW ISBN: 9780471613688 Author(s): James A. Rosenthal Format: Hardcover Language: English Year: 1988 Edition: 1st Publisher: John Wiley & Sons Inc Pages: 288
Description: The first guide to this new financial trend. Credit securitization (also known as asset securitization) is a financial technology for packaging, underwriting, and selling loans in the form of securities. First used in packaging mortgage loans (as in the case of GNMA and other federally insured mortgage-backed securities), credit securitization has grown rapidly and spread to other forms of credit, including auto loans, student loans, credit-card balances, and so on. This book provides lenders and other financial professionals with clear analyses of many actual credit securitization deals. Includes much information unavailable elsewhere.
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