Two former Bear Stearns fund managers, Ralph Cioffi and Matthew Tannin, have been found not guilty of misleading investors about the subprime mortgage
market at the height of the real estate boom.
The myth that subprime loans went only to those with bad credit arises from overlooking the complexity of the subprime mortgage
market and the fact that subprime mortgages
are defined in a number of ways--not just by the credit quality of borrowers.
Louis suggests that the number of subprime mortgage
loans terminated between 2001 and 2006 outweighed the number of estimated first-time homebuyers who sought subprime mortgages
The similarity of the loan termination rates for all vintages in the sample suggests that subprime mortgage
loans were intended to be "bridge" (i.
Several new arrangements facilitated the development of the subprime mortgage
market, the market for mortgages for households that do not qualify for traditional loans.
Did they underestimate the likelihood of the impending fall in house prices, or did their models fail to uncover the true sensitivity of foreclosures to lower house prices, perhaps because there was no experience in the data that included falling house prices and widespread subprime mortgage
As the American subprime mortgage
crisis progresses, a litigation aftershock moves through U.
turmoil in the year ended March 31, sources familiar with the matter said Thursday.
The subprime mortgage
problem and the recent failure of the Wall Street investment bank Bear Stearns has created some public confusion about the security of the financial services industry.
WASHINGTON -- The poorest counties in the United States are among the hardest hit by the subprime mortgage
crisis, according to a study released Feb.
Oregon has remained relatively immune to the subprime mortgage
The Center for Real Estate Studies at New York Law School will discuss the subprime mortgage
crisis and its effects on the real estate sector at a breakfast forum titled "The Subprime Mortgage
Crisis: Implications for the Real Estate Market," today (Wednesday) at the Law School, located on 47 Worth Street.