Sunday's New York Times features a cool graphic explaining how mortgage securitization works and why the market is so troubled now. Kudos to the graphics team at the NYTimes – they'v done a great job of simplifying this esoteric process for the layperson.
Click here to view the image at the New York Times.
The Loan Comes Due
by Floyd Norris
The New York Times
Sunday, August 5, 2007