• Howell Jackson


Loan-Level Disclosure in Securitization Transactions: A Problem with Three Dimensions. Howell Jackson, 2011, Book Chapter, "The securitization of residential mortgages and other forms of consumer credit has become a subject of intense national interest and debate. Many have questioned the wisdom of the originate-to-distribute model of loan underwriting, and others have focused on the conflicts inherent in the role of investment banks assembling securitization pools and then marketing them to their institutional clients. The capacity of credit-rating firms to rate accurately the securities backed by securitization pools has been roundly criticized in many quarters." Link