Securitization and the Subprime Mortgage Crisis of 2007-2008

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dc.contributor.authorOmagwa, Job
dc.contributor.authorOdunga, Robert
dc.date.accessioned2021-02-09T08:56:11Z
dc.date.available2021-02-09T08:56:11Z
dc.date.issued2016
dc.descriptionA research article published in Research Journal of Finance and Accountingen_US
dc.description.abstractThe paper reviews literature on securitization process in real estate markets and an analysis of the subprime mortgage market crisis of 2007-2008. In particular, it presents a highlight of the various market participants in the securitization process and an overview of securitized transactions in the US secondary mortgage market. The paper further presents a highlight of financial malpractices precipitating the subprime mortgage crisis and the associated financial implications of the same. In addition, the paper identifies the institutions and participants in the subprime mortgage crisis securitized transactions leading to the housing market debacle. The paper further explores the creation of ABS and CDOs as an outcome of securitization and a review of empirical literature on financial implications associated with the abuse of securitized transactions in the US mortgage market.en_US
dc.identifier.citationResearch Journal of Finance and Accounting. Vol.7, No.10, 2016en_US
dc.identifier.issn2222-1697 (Paper) ISSN 2222-2847 (Online)
dc.identifier.urihttps://www.iiste.org/Journals/index.php/RJFA/article/view/30389
dc.identifier.urihttp://ir-library.ku.ac.ke/handle/123456789/21404
dc.language.isoenen_US
dc.publisherInternational Knowledge Sharing Platformen_US
dc.subjectSecuritizationen_US
dc.subjectAsset-Backed Securitiesen_US
dc.subjectSpecial-Purpose Vehicles/Entitiesen_US
dc.subjectCredit enhancement and Conduit Lending.en_US
dc.titleSecuritization and the Subprime Mortgage Crisis of 2007-2008en_US
dc.typeArticleen_US
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