How the Homeowners Took Down the Entire Financial System – Anatomy of Risk Management Practices in the Mortgage Industry: Lessons for the Future – May 2010

Anatomy of Risk Management Practices in the Mortgage Industry: Lessons for the Future Clifford V. Rossi Robert H. Smith School of Business University of Maryland May 2010 Executive Summary Not since the Great Depression has there been a contraction in the U.S. housing market of such scale. With much attention given already to complex mortgage … Read more