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

June 29, 2022 By admin

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https://www.wsj.com/articles/the-regrets-of-lewis-ranieri-1536240610
When Lewis Ranieri invented mortgage bonds, he never thought it would turn out this way.
Four decades ago, Mr. Ranieri was at the helm of a revolution in how Americans finance their homes. Until then, mortgages largely stayed on the books of local savings banks. Mr. Ranieri created a secondary market that packaged mortgages into securities sold to investors.
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This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com.

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