Subprime Mortgage Industry

Some articles on mortgage, subprime mortgage, mortgages, subprime mortgages, subprime, subprime mortgage industry:

July 2008 - Portal:Current Events
... Current events of July 14, 2008 (2008-07-14) (Monday) The United States Federal Reserve tightens mortgage regulation in an attempt to stamp out the practices that led to the subprime mortgage crisis ... assures the United States House of Representatives Financial Services Committee that giant mortgage companies Fannie Mae and Freddie Mac are in "no danger of failing." (AP via Google News) A large ... Bush signs The Housing and Economic Recovery Act of 2008 in response to the subprime mortgage crisis ...
Subprime Crisis Background Information - The Subprime Mortgage Crisis in Context
... Economist Nouriel Roubini wrote in January 2009 that subprime mortgage defaults triggered the broader global credit crisis, but were part of multiple credit bubble collapses "This crisis is not merely the result of ... housing bubble’s bursting or the collapse of the United States’ subprime mortgage sector ... beyond housing in many countries to commercial real estate mortgages and loans, to credit cards, auto loans, and student loans ...
Late-2000s Financial Crisis - Background - Financial Innovation and Complexity
... Examples pertinent to this crisis included the adjustable-rate mortgage the bundling of subprime mortgages into mortgage-backed securities (MBS) or collateralized debt ... the credit quality of CDO's declined from 2000 to 2007, as the level of subprime and other non-prime mortgage debt increased from 5% to 36% of CDO assets ... As described in the section on subprime lending, the CDS and portfolio of CDS called synthetic CDO enabled a theoretically infinite amount to be wagered on the ...
United States Housing Market Correction - Major Downturn and Subprime Mortgage Collapse, 2007 - Subprime Mortgage Industry Collapse
... In March 2007, the United States' subprime mortgage industry collapsed due to higher-than-expected home foreclosure rates, with more than 25 subprime ... The stock of the country's largest subprime lender, New Century Financial, plunged 84% amid Justice Department investigations, before ultimately filing for Chapter 11 bankruptcy on 2 April 2007 with ... of the world's largest bond fund PIMCO, warned in June 2007 that the subprime mortgage crisis was not an isolated event and will eventually take a toll on the economy and whose ultimate impact will be on the ...
Late-2000s Financial Crisis - Background - Subprime Lending
... During a period of intense competition between mortgage lenders for revenue and market share, and when the supply of creditworthy borrowers was limited, mortgage lenders relaxed underwriting standards ... Government Sponsored Enterprises (GSEs) policed mortgage originators and maintained relatively high underwriting standards prior to 2003 ... to originators and as intense competition from private securitizers undermined GSE power, mortgage standards declined and risky loans proliferated ...

Famous quotes containing the words industry and/or mortgage:

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