Preliminary Staff Report: Securitization and the Mortgage Crisis – Financial Crisis Inquiry Commission

by Sabrina I. Pacifici on April 7, 2010

Preliminary Staff Report: Securitization and the Mortgage Crisis, Financial Crisis Inquiry Commission (FCIC) | April 7, 2010

  • “The purpose of this preliminary staff report is to provide an overview of mortgage securitization and its possible role in the sharp increase in mortgage defaults that precipitated the financial crisis. Section I describes the growth and basic mechanics of the
    mortgage securitization system. Section II discusses the way in which securitization could have contributed to the recent increase in mortgage defaults and foreclosures. Those researching the financial crisis disagree on the extent to which securitization resulted in an increase in defaults, and empirical research on this issue is ongoing.”

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