At the peak of the recent housing boom, subprime mortgage
companies were loaning $600 billion per year to homebuyers with poor credit histories.
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.
The similarity of the loan termination rates for all vintages in the sample suggests that subprime mortgage
loans were intended to be "bridge" (i.
In 2008, the subprime mortgage
crisis led to the collapse and bankruptcy of a number of American companies, and the bailout or purchase of others.
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
Several new arrangements facilitated the development of the subprime mortgage
market, the market for mortgages for households that do not qualify for traditional loans.
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.
Ohio's attorney general announced in January he has filed a multimillion-dollar lawsuit against Freddie Mac, alleging the publicly traded GSE defrauded the state public employee pensioners by hiding billions in subprime mortgage