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The Regrets of Lewis Ranieri – WSJ – The Wall Avenue Journal

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https://www.wsj.com/articles/the-regrets-of-lewis-ranieri-1536240610
When Lewis Ranieri invented mortgage bonds, he by no means thought it might prove this manner.
4 many years in the past, Mr. Ranieri was on the helm of a revolution in how People finance their houses. Till then, mortgages largely stayed on the books of native financial savings banks. Mr. Ranieri created a secondary market that packaged mortgages into securities offered to traders.
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This copy is in your private, non-commercial use solely. Distribution and use of this materials are ruled by our Subscriber Settlement and by copyright legislation. For non-personal use or to order a number of copies, please contact Dow Jones Reprints at 1-800-843-0008 or go to www.djreprints.com.

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