Subprime market

Subprime market

Refers to the market for subprime loans, subprime mortgages and their securitized forms such as MBS, asset-backed securities, CDOs, etc.
References in periodicals archive ?
9bn in losses related to the subprime market crisis, Reuters has reported citing a separate newspaper report.
As the subprime market worsened last fall, the rating agencies began issuing a blizzard of ratings downgrades to residential mortgage-backed securities (RMBS) and collateralized debt obligations (CDOs) that had been sold in 2006 and 2007.
We applaud the President's efforts to help keep families in their homes by allowing the Federal Housing Administration to insure refinance loans for some struggling subprime mortgage borrowers and calling on Congress to pass legislation that would modernize the FHA, give the agency updated tools to respond to the needs of borrowers and provide a viable alternative to the volatile subprime market.
government bonds rose with the yields lower as Federal Reserve Chairman Ben Bernanke said before Congress on Wednesday that credit concerns are spreading beyond the subprime market to the broader economy, dealers said.
The subprime market has expanded dramatically during the past 10 years because lenders can quickly, cheaply, and accurately assess a borrower's default risk based on the individual's personal circumstances (but just how accurately remains to be seen).
The company notes that some lenders have improved consumer protections when employing mandatory arbitration clauses but practices in the subprime market are generally uneven.
In general, the synthetic subprime market is still seeing more activity than its cash equivalent and hence can be used as an effective proxy for asset values,' said Author and Managing Director Thomas Aubrey.
Chapter 22 of Panderer to Power ("The Mortgage Machine") describes in detail the inflation of the subprime market and motivations of the parties.
as well as lingering subprime market woes, with the Dow losing nearly 150 points.
Following market adjustments in the wake of subprime market developments, NAHB has forecast housing starts to total 1.
While delinquency rates in the subprime market have risen as of late, they are still below those of 2001-2002.
With increasing defaults in the subprime market, there are brokers lenders want to do business with and those they don't.