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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!!!
Posts Tagged ‘Subprime’
Sub-Prime Mortgage “SCANDAL”…
March 6th, 2010 
Pete 
Posted in Uncategorized 
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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.
Rep. Dennis Kucinich on subprime mortgages and economy
February 12th, 2010 Pete
Rep. Dennis Kucinich (D-Ohio) answers questions about subprime mortgages and the economy from Keene Sentinel reporter Sarah Palermo in an editorial board interview December 28, 2007. The full 58 minute interview and other video available by noon on Monday, 12/31/07 at www.sentinelsource.com and http as recorded by www.eventvideoteam.com
Sub-prime crisis – what next in banking? Credit crunch / sub-prime crisis and mortgages, interest rates, share prices, house prices. Comment by keynote conference speaker on Future of Banking and Financial Services – Dr Patrick Dixon
www.globalchange.com Sub-prime real estate crisis and credit crunch explained in US and global impact on banking, mortgages, home loands and financial services. Why the banking system remains at risk from complex processes that most people don’t understand. Regulators, changes in banking regulation, systemic risk, corporate governance, and how banking financial services products will change as result. How banks will manage risk in future. Comment by conference speaker Dr Patrick Dixon – …