Subprime discussion part four: Mortgage-backed securities and ambiguous financial instruments spread
In Part 4 of our series on the subprime market, real estate finance Professor Anthony Sanders, Jeffrey Coles, chairman of the finance department at the W. P. Carey School of Business and Steven Davidson, vice president, capital market research, for the Securities Industry and Financial Markets Association (SIFMA), describe mortgage-backed securities, which gave rise to ambiguous financial instruments like CDOs. "The securitization process has spread the opportunities, spread the risk and spread the pain," said Davidson, a featured speaker at the recent Risk, Reward and Real Estate Conference, sponsored by the Center for Real Estate Theory and Practice at the W. P. Carey School of Business.
In Part 4 of our series on the subprime market, real estate finance Professor Anthony Sanders, Jeffrey Coles, chairman of the finance department at the W. P. Carey School of Business and Steven Davidson, vice president, capital market research, for the Securities Industry and Financial Markets Association (SIFMA), describe mortgage-backed securities, which gave rise to ambiguous financial instruments like CDOs.
"The securitization process has spread the opportunities, spread the risk and spread the pain," said Davidson, a featured speaker at the recent Risk, Reward and Real Estate Conference, sponsored by the Center for Real Estate Theory and Practice at the W. P. Carey School of Business.
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