Sorry about my absence this week. It’s been crazy busy at Miller Samuel and I am taking a long weekend (in about an hour). Be back in full force next week.
A few months ago I wrote about Lewis Ranieri, the father of securitization.
The Joint Center for Housing Studies of Harvard University just released the October 1, 2008 lecture that featured Lew Ranieri. It was released today so the stream is agonizingly slow, but he provides good insight into the process and intention, and suggests that the mortgage market was built on sand.
JCHS Lecture: Lewis Ranieri, creator of mortgage securitization