The primary contribution of securitization to the financial crisis was to boost the US subprime mortgage market. Securi-tization significantly increased banks’ ability and willingness to grant subprime loans since,by securitizing their originated loans, banks could get rid of the associated risk. Table 1 reports the amount of total and subprime home mortgages that were
originated between 2001 and 2011 and the relative securitization rates.