Predatory mortgage securitization (predatory securitization) is a pejorative

Pejorative

Pejoratives , including name slurs, are words or grammatical forms that connote negativity and express contempt or distaste. A term can be regarded as pejorative in some social groups but not in others, e.g., hacker is a term used for computer criminals as well as quick and clever computer experts...

 term used to describe mortgage

Mortgage loan

A mortgage loan is a loan secured by real property through the use of a mortgage note which evidences the existence of the loan and the encumbrance of that realty through the granting of a mortgage which secures the loan...

 securitization

Securitization

Securitization is the financial practice of pooling various types of contractual debt such as residential mortgages, commercial mortgages, auto loans or credit card debt obligations and selling said consolidated debt as bonds, pass-through securities, or Collateralized mortgage obligation , to...

 products that were created with lax underwriting standards and improper due diligence. It has also been claimed that they contributed to the subprime mortgage crisis of 2007-2008 in the United States.

A book titled The Crime of Our Time by author Danny Schechter

Danny Schechter

Danny Schechteris a television producer, independent filmmaker, blogger, and media critic who writes and lectures frequently about the media in the United States and worldwide. He specializes in investigative journalism and producing programming about the interfaces among human rights, journalism,...

delves deeply into the predatory securitization process and the financial collapse of 2007.