Subprime Mortgages
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Subprime Mortgages
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Author : Edward M. Gramlich
language : en
Publisher: The Urban Insitute
Release Date : 2007
Subprime Mortgages written by Edward M. Gramlich and has been published by The Urban Insitute this book supported file pdf, txt, epub, kindle and other format this book has been release on 2007 with Business & Economics categories.
Over the past decade, a new mortgage market offering loans at low interest rates and for little or no money down has given low-income people an opportunity to pursue the American dream of homeownership. The resulting wave in home buying promised to stabilize neighborhoods and families, boost the economy, and reduce crime. In many ways, the optimists were correct, but now, less than fifteen years later, the subprime mortgage market is collapsing, threatening to take the rest of the housing sector along with it.Subprime Mortgages: America's Latest Boom and Bust analyzes how the subprime market emerged, why it is in crisis, and how we can reform public policy to avert disaster. An attendant examination of the rental market also offers recommendations for shoring up what may be the best housing option for some families.
Understanding The Securitization Of Subprime Mortgage Credit
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Author : Adam B. Ashcraft
language : en
Publisher: DIANE Publishing
Release Date : 2010-03
Understanding The Securitization Of Subprime Mortgage Credit written by Adam B. Ashcraft and has been published by DIANE Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2010-03 with categories.
Provides an overview of the subprime mortgage securitization process and the seven key informational frictions that arise. Discusses the ways that market participants work to minimize these frictions and speculate on how this process broke down. Continues with a complete picture of the subprime borrower and the subprime loan, discussing both predatory borrowing and predatory lending. Presents the key structural features of a typical subprime securitization, documents how rating agencies assign credit ratings to mortgage-backed securities, and outlines how these agencies monitor the performance of mortgage pools over time. The authors draw upon the example of a mortgage pool securitized by New Century Financial during 2006. Illustrations.
Subprime Mortgage Credit Derivatives
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Author : Laurie S. Goodman
language : en
Publisher: John Wiley & Sons
Release Date : 2008-06-02
Subprime Mortgage Credit Derivatives written by Laurie S. Goodman and has been published by John Wiley & Sons this book supported file pdf, txt, epub, kindle and other format this book has been release on 2008-06-02 with Business & Economics categories.
Mortgage credit derivatives are a risky business, especially of late. Written by an expert author team of UBS practitioners-Laurie Goodman, Shumin Li, Douglas Lucas, and Thomas Zimmerman-along with Frank Fabozzi of Yale University, Subprime Mortgage Credit Derivatives covers state-of-the-art instruments and strategies for managing a portfolio of mortgage credits in today's volatile climate. Divided into four parts, this book addresses a variety of important topics, including mortgage credit (non-agency, first and second lien), mortgage securitizations (alternate structures and subprime triggers), credit default swaps on mortgage securities (ABX, cash synthetic relationships, CDO credit default swaps), and much more. In addition, the authors outline the origins of the subprime crisis, showing how during the 2004-2006 period, as housing became less affordable, origination standards were stretched-and when home price appreciation then turned to home price depreciation, defaults and delinquencies rose across the board. The recent growth in subprime lending, along with a number of other industry factors, has made the demand for timely knowledge and solutions greater than ever before, and this guide contains the information financial professionals need to succeed in this challenging field.
Subprime Mortgages Foreclosures And Urban Neighborhoods
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Author : Kristopher S. Gerardi
language : en
Publisher: DIANE Publishing
Release Date : 2010-06
Subprime Mortgages Foreclosures And Urban Neighborhoods written by Kristopher S. Gerardi and has been published by DIANE Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2010-06 with Self-Help categories.
Analyzes the impact of the subprime mortgage crisis on urban neighborhoods in Mass. Explores the topic using a data set that matches race and income info. with property-level, transaction data. Much of the subprime lending in the state was concentrated in urban neighborhoods and that minority homeownerships created with subprime mortgages have proved exceptionally unstable in the face of rapid price declines. Subprime lending did not, as commonly believed, lead to a substantial increase in homeownership by minorities but instead generated turnover in properties owned by minority residents. The particularly dire foreclosure situation in urban neighborhoods actually makes it somewhat easier for policymakers to provide remedies. Illus.
Subprime Mortgage Market Turmoil
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Author : United States. Congress. Senate. Committee on Banking, Housing, and Urban Affairs. Subcommittee on Securities, Insurance, and Investment
language : en
Publisher:
Release Date : 2009
Subprime Mortgage Market Turmoil written by United States. Congress. Senate. Committee on Banking, Housing, and Urban Affairs. Subcommittee on Securities, Insurance, and Investment and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2009 with Business & Economics categories.
Comparing Patterns Of Default Among Prime And Subprime Mortgages
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Author : Gene Amromin
language : en
Publisher: DIANE Publishing
Release Date : 2010-01
Comparing Patterns Of Default Among Prime And Subprime Mortgages written by Gene Amromin and has been published by DIANE Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2010-01 with categories.
This article compares default patterns among prime and subprime mortgages, analyzes the factors correlated with default, and examines how forecasts of defaults are affected by alternative assumptions about trends in home prices. The authors find that extremely pessimistic forecasts of home price appreciation could have generated predictions of subprime defaults that were closer to the actual default experience for loans originated in 2006 and 2007. However, for prime loans one would have also had to anticipate that defaults would become much more sensitive to home prices. Tables and graphs.
The Subprime Solution
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Author : Robert J. Shiller
language : en
Publisher: Princeton University Press
Release Date : 2012-09-24
The Subprime Solution written by Robert J. Shiller and has been published by Princeton University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012-09-24 with Business & Economics categories.
A best-selling economist reveals the origins of the subprime mortgage crisis and puts forward bold measures to resolve it by restructuring the institutional foundations of the financial system in a thoughtful study by the author of Irrational Exuberance. First serial, The Atlantic.
What Is Securitization
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Author : Mark Zandi
language : en
Publisher: Pearson Education
Release Date : 2009-11-16
What Is Securitization written by Mark Zandi and has been published by Pearson Education this book supported file pdf, txt, epub, kindle and other format this book has been release on 2009-11-16 with Business & Economics categories.
This Element is an excerpt form Financial Shock: Global Panic and Government Bailouts--How We Got Here and What Must Be Done to Fix It (ISBN: 9780137016631) by Mark Zandi. Available in print and digital formats. Pull back the curtain on the subprime mortgage collapse and discover what really happened. To fully understand the subprime mortgage implosion, you need to know how subprime mortgages were financed. Fundamentally, loans either are financed directly by financial institutions such as commercial banks and thrift institutions or are repackaged as bonds (that is, securitized) and sold to investors, who keep or trade them. The overwhelming majority of subprime loans were securitized...
Securitization Of Subprime Mortgages
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Author : Milton R. Spotgeste
language : en
Publisher:
Release Date : 2009
Securitization Of Subprime Mortgages written by Milton R. Spotgeste and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2009 with Mortgage-backed securities categories.
In this book, the authors provide an overview of the sub-prime mortgage securitisation process and the seven key informational frictions that arise. They discuss the ways that market participants work to minimise these frictions and speculate on how this process broke down. They continue with a complete picture of the sub-prime borrower and the sub-prime loan, discussing both predatory borrowing and predatory lending. They present the key structural features of a typical sub-prime securitisation, document how rating agencies assign credit ratings to mortgage-backed securities, and outline how these agencies monitor the performance of mortgage pools over time.
Confessions Of A Subprime Lender
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Author : Richard Bitner
language : en
Publisher: John Wiley & Sons
Release Date : 2008-06-16
Confessions Of A Subprime Lender written by Richard Bitner and has been published by John Wiley & Sons this book supported file pdf, txt, epub, kindle and other format this book has been release on 2008-06-16 with Business & Economics categories.
Former subprime lender Richard Bitner once worked in an industry that started out helping disadvantaged customers but collapsed due to greed, lack of financial control and willful ignorance. In Confessions of a Subprime Lender: An Insider's Tale of Greed, Fraud, and Ignorance, he reveals the truth about how the subprime lending business spiraled out of control, pushed home prices to unsustainable levels, and turned unqualified applicants into qualified borrowers through creative financing. Learn about the ways the mortgage industry can be fixed with his twenty suggestions for critical change.