What is subprime mortgage?

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

Alan Greenspan - Reception - Housing Bubble
... In the wake of the subprime mortgage and credit crisis in 2007, Greenspan stated that there was a bubble in the US housing market, warning in 2007 of "large double digit ... Besides sustaining the demand for new construction, mortgage markets have also been a powerful stabilizing force over the past two years of economic distress by facilitating the extraction of some of ... suggested that more homeowners should consider taking out adjustable-rate mortgages (ARMs) where the interest rate adjusts itself to the current interest in the market ...
Collateralized Debt Obligation - Creation of CDOs
... grew significantly between 2000–2006, then declined dramatically in the wake of the subprime mortgage crisis, which began in 2007 ... Many of the assets held by these CDOs had been subprime mortgage-backed bonds ... by major investment banks and the bankruptcy of several subprime lenders ...
Moral Hazard - Finance
... Many have argued that certain types of mortgage securitization contribute to moral hazard ... Mortgage securitization enables mortgage originators to pass on the risk that the mortgages they originate might default and not hold the mortgages on their balance sheets and assume the risk ... In one kind of mortgage securitization, known as "agency securitizations", default risk is retained by the securitizing agency that buys the mortgages from originators ...
Subprime Crisis Impact Timeline - 2007
... See also Financial crisis of 2007–2010, List of writedowns due to subprime crisis, and List of bankrupt or acquired banks during the subprime mortgage ... The subprime mortgage industry collapses, and a surge of foreclosure activity (twice as bad as 2006) and rising interest rates threaten to depress ... January 3 Ownit Mortgage Solutions Inc ...
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 ... or the collapse of the United States’ subprime mortgage sector ... bubbles, and they extended beyond housing in many countries to commercial real estate mortgages and loans, to credit cards, auto loans, and student loans ...

Famous quotes containing the word mortgage:

    Loosened from the minor’s tether;
    Free to mortgage or to sell,
    Wild as wind, and light as feather
    Bid the slaves of thrift farewell.
    Samuel Johnson (1709–1784)