The document discusses the issues of predatory lending and securitization. It notes that many subprime loans lacked proper underwriting and that predatory loans often target vulnerable groups. Securitization exacerbates predatory lending by supplying capital without sufficient due diligence or disclosure of loan quality. The document proposes legislation to impose assignee liability to help address these problems.

1. Securitization and Predatory Lending Patricia A. McCoy University of Connecticut School of Law