Black Box Casino

Black Box Casino

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This cautionary tale explains how the murky and complex world of mortgage finance caused a global market meltdowna€”and offers new insights on how to create a stronger world of banking and mortgage finance.Pinto poured over the data that was emerging from the GSEs, including information on the amount of lending to borrowers with credit scores below 660a€” the dividing line between prime and ... counted $600 billion in 5 million subprime and Alt-A mortgages that were guaranteed by the Federal Housing Administration (FHA), Veterans Administration (VA), or made by the Federal Home Loan Bank System.

Title:Black Box Casino
Author:Robert Stowe England
Publisher:ABC-CLIO - 2011-09-30


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