Subprime Markets, the Role of GSEs, and Risk-Based Pricing
Author | : Kenneth M. Temkin |
Publisher | : |
Total Pages | : 0 |
Release | : 2002-10 |
ISBN-10 | : 0756727340 |
ISBN-13 | : 9780756727345 |
Rating | : 4/5 (40 Downloads) |
Book excerpt: Presents the ideas & opinions of many subprime mortgage market participants observers on subprime borrowers, their default experience, & subprime lenders' underwriting practices. Representatives of lenders, trade associations, Fannie Mae & Freddie Mac, rating agencies & other market experts talked with the authors about the complex issues related to a larger GSE role in the subprime market. Chapters: what is subprime lending & who does it serve?; a brief history of subprime lending; underwriting & pricing practices; the GSEs & subprime lending: current & future roles; automated underwriting & risk-based pricing; automated underwriting systems in today's lending environment; & policy issues & recommendations.