MARC Record from marc_nuls

LEADER: 03201cam 2200385 i 4500
001 9925174857101661
005 20150423154411.0
008 130910s2014 nyu b 001 0 eng
010 $a 2013033450
020 $a9780071821094 (hbk. : alk. paper)
020 $a0071821090
035 $a(OCoLC)837954348
035 $b99959500843
035 $a(OCoLC)ocn837954348
040 $aDLC$beng$erda$cDLC$dIG#$dYDXCP$dBTCTA$dBDX$dOCLCO$dUKMGB$dWNE$dVP@$dABG$dOCLCF$dCOO$dCHVBK$dLMR$dNSB
043 $an-us---
050 00 $aHG2040.5.U5$bH69 2014
082 00 $a332.7/20973$223
100 1 $aHoward, Timothy$c(Business writer),$eauthor.
245 14 $aThe mortgage wars :$binside Fannie Mae, big-money politics, and the collapse of the American dream /$cTimothy Howard.
264 1 $aNew York :$bMcGraw-Hill Education,$c[2014]
300 $axvi, 288 pages ;$c24 cm
336 $atext$2rdacontent
337 $aunmediated$2rdamedia
338 $avolume$2rdacarrier
504 $aIncludes bibliographical references and index.
505 0 $aPrincipal players in the mortgage wars story -- The Mortgage Wars and the Financial Crisis. The financial market wildfire ; The largest credit market in the world. -- Fannie Mae's Rise to Prominence. Birth, trial, and turnaround ; Managing risk ; The Volcker standard gives Fannie Mae an edge ; Fannie Mae's opponents change tactics ; Conflicts with fast-growing lenders. -- The Fight for the Mortgage Market. A surprise from the Treasury Department ; Private-label mortgage-backed securities ; A gathering storm of opposition ; Fannie Mae tightens its disciplines ; Private label takes center stage ; A compromise attempt turns into full-scale war. --Countdown to the Meltdown. Allegations of fraud: the special examination ; Sorting out the facts ; Baseless demand, fateful results ; The market melts down: Fannie Mae is nationalized ; Aftermath.
520 $aThis book is former Fannie Mae CFO's inside look at the war between the financial giants and government regulators. In this provocative true-life thriller he tells about the all-out fight for dominance of the mortgage industry, and how it nearly destroyed the global financial system. Many books have been written about the 2008 financial crisis, but they miss the biggest story of the meltdown: the battle between giant financial companies to dominate the $11 trillion mortgage market that almost destroyed the global financial system. For more than twenty years, until 2004, the author was Vice Chairman and Chief Financial Officer at the best-known of those companies, Fannie Mae, and he was in the middle of that fight. Here he explains how seemingly unrelated developments in banking regulation, housing policy, Wall Street financial innovation, and political lobbying all combined to wreak havoc on the American housing market and the world economy.
610 20 $aFederal National Mortgage Association.
650 0 $aMortgage loans$zUnited States.
650 0 $aSubprime mortgage loans$zUnited States.
650 0 $aMortgage banks$zUnited States$xHistory.
650 0 $aHousing$zUnited States.
947 $fBOOK-SOBM$g30.00$hCIRCSTACKS$iaa$lNULS$o20140808$q1
980 $a99959500843