The securitization of subprime mortgages created friction between mortgagors, mortgage originators, mortgage-backed securities issuers, and rating agencies, which led to less scrupulous lending and waves of foreclosures.

Authors

• Person: Yuqing Li Organization: 7 Pillars Institute
  Financial Ethics 101: Predatory Lending - Seven Pillars Institute

Sources

• Financial Ethics 101: Predatory Lending - Seven Pillars Institute 7pillarsinstitute-org.sevenpillarsconsulting.com Yuqing Li · 7 Pillars Institute via serper

Referenced by nodes (1)

• subprime mortgages concept