Relevant:
- Fitch to Release Mortgage Models as Lewis Ranieri's Shellpoint Complains
- Ranieri Becomes Victim of Crisis as Franklin Seized
- Ranieri Pursuing $1 Billion Distressed Mortgage Fund
- Foreclosures Mean ‘Big Leg Down’ for U.S. Housing, Ranieri Says
- Obama administration pushes banks to make home loans to people with weaker credit
2010-07-24 — wsj.com
The father of mortgage securitization wants people to know his creation isn’t to blame for the housing crash.
The practice of turning mortgage loans into bonds may have helped to fuel a binge in risky lending in the middle of the past decade, but before then, the model worked just fine, Lewis Ranieri argued in a letter to the Obama administration this week.
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