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Thx www.chrismartenson.com/ stopspendingourfuture.org The next real estate time bomb money.cnn.com China has woken up www.telegraph.co.uk Tax revenues PLUNGE online.wsj.com Hey, what happened to the so called housing recovery? finance.yahoo.com
Posts Tagged ‘Subprime’
Wall Street – Chasing subprime highs with false expectations
June 19th, 2010
Pete sub-prime meltdown
March 16th, 2010
Pete
The sub-prime market, where lenders provided mortgages with little oversight to borrowers who had little ability to handle the loan, has led to the collapse of a chunk of the US housing market, leading to growing foreclosures and the collapse of companies who lent too freely.
Sub-Prime Mortgage “SCANDAL”…
March 6th, 2010
Pete
in an effort to let more LOW-INCOME MINORITY applicants qualify for mortgages and loans. the government encouraged banks to lower thier lending standards, in effect CAUSING the housing problem that now exists. a scandal happened. But, not to the recipients of sub-prime mortgages. to every other hard working American taxpayer who showed restraint when it comes to purchasing!!!
S2. Securitization, CDOs and the Sub-Prime Crisis
February 23rd, 2010
Pete
The volume of issue of cdos and the corresponding ability of banks to issue mortgages had a significant impact on the quantity of mortgages that could be made by banks. This video explores the topic of securitization further with a particular focus on cdos and how that relates to the sub-prime crisis.
U.S. Financial Crisis Began with Subprime Mortgages
February 21st, 2010
Pete
As officials and business leaders struggle to rescue the US economy, the news has been filled with strange terms like “mortgage-backed securities” and “leverage.” Most people know that a mortgage is a home loan. Lenders add a charge called “interest” to the mortgage amount and borrowers repay the loan, plus interest, in monthly payments over many years. But many are baffled by the newer terms. voa’s Jim Randle translates some of the Wall Street-speak into more understandable language.
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