Securitization

"Securitization has swept the world of finance over the past several decades. There is no better guide to the legal intracicies of this revolution than the second edition of Tamar Frankel's Securitization. It is essential reading not only for those wanting to get up to speed on the subject, but should be at the side of every legal and business practitioner in this burgeoning field."

Robert Litan
Senior Fellow, Economic Studies Program, The Brookings Institution
and Vice President for Research and Policy, The Kauffman Foundation

This authoritative work examines the process of securitization and explains how applicable laws, a wide variety of federal regulations, and many hundreds of cases define the opportunities for and limit each securitization.

When the first edition of Securitization was published, this financial form was hardly known, let alone understood. Fifteen years later, securitized assets markets constitute one of the largest financial markets and the largest, if mortgage-backed securities are included. The updates of the treatise throughout the years did not do justice to the developing subject.

Hence, this second edition. The fundamental theoretical approach of the treatise has remained the same. This second edition does, however, contain added theoretical arguments and numerous additional citations. The basic structure of the treatise has remained mostly intact, although four chapters have been consolidated into two. Redundancies have been eliminated by references. Authorities have been added and updated.

The treatise has received the masterful edit of Ann Taylor Schwing which makes for easier research and reading.