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Explain why securitization led to an erosion of lending standards.
Explain why securitization led to an erosion of lending standards.
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Securitization is a financial process where a lender pools together a group of loans such as mortgages or credit card debts and sells them as a package to investors in the form of securities These sec...Get Instant Access to Expert-Tailored Solutions
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Accounting Information Systems
Authors: Marshall B. Romney, Paul J. Steinbart
13th edition
133428532, 978-0133428537
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