Results 181 to 190 of about 27,612 (205)

Originate-to-Distribute Model and the Subprime Mortgage Crisis

SSRN Electronic Journal, 2010
An originate-to-distribute (OTD) model of lending, where the originator of a loan sells it to various third parties, was a popular method of mortgage lending before the onset of the subprime mortgage crisis. We show that banks with high involvement in the OTD market during the pre-crisis period originated excessively poor quality mortgages. This result
openaire   +2 more sources

Costly External Finance, Corporate Investment, and the Subprime Mortgage Credit Crisis

SSRN Electronic Journal, 2008
Abstract We study the effect of the recent financial crisis on corporate investment. The crisis represents an unexplored negative shock to the supply of external finance for non-financial firms. Corporate investment declines significantly following the onset of the crisis, controlling for firm fixed effects and time-varying measures of investment ...
Ran Duchin, Oguzhan Ozbas, Berk A. Sensoy   +2 more
openaire   +1 more source

Dodd-Frank, Securitization, and the Subprime Mortgage Crisis

SSRN Electronic Journal, 2012
There are few things more constant in life than the rise and fall of financial markets. When markets crash, however, we are forced to restore them while learning from our mistakes. In the wake of the recent subprime mortgage crisis, Congress has drastically but deservedly overhauled the regulation of financial markets in order to not only prevent such ...
openaire   +1 more source

Theories, Rating Failure and the Subprime Mortgage Crisis

2015
Investors, before making a decision on whether to invest in a debt security from a company (or foreign country), must determine whether the issuing entity will be able to meet its obligations. Credit rating agencies (CRAs) help in this process by providing an independent objective assessment of the creditworthiness of companies (and countries) and help
openaire   +1 more source

Subprime Mortgage Crisis in the USA

2009
The following bachalor thesis gives an overview at the US subprime mortgage crisis, its characteristics and features, then describes the process of securitization and issuing asset-backed securities, shows how the housing bubble in the USA developed and the participation of all actors in it, and finally submits the destructive affects of the subprime ...
openaire   +1 more source

Did affordable housing mandates cause the subprime mortgage crisis?

Journal of Housing Economics, 2014
Abstract The 1992 Federal Housing Enterprises Financial Safety and Soundness Act (GSE Act) mandated that a specified percentage of Fannie Mae and Freddie Mac purchases come from underserved populations. A number of prominent observers have pointed to the GSE Act as a root cause of the recent housing crisis.
openaire   +1 more source

The subprime mortgage crisis: irrational exuberance or rational error? [PDF]

, 2009
We present a model of the subprime market in which credit quality and loan performance are driven by a statistical process with idiosyncratic and aggregate shocks. Investors use portfolio performance to infer the weight of each shock. We show that low and stable default rates from 2002-2005 convinced investors that the aggregate shock weight was small.
Nikola Kojucharov, Clyde F. Martin, Robert F. Martin, Lili Xu   +3 more
openaire  

The 2008 Subprime Mortgage Crisis in the USA

Finance & Economics
The 2008 financial crisis, triggered by the collapse of the U.S. subprime mortgage market, revealed deep vulnerabilities in the global financial system. Rooted in financial deregulation, aggressive lending practices, and the subsequent housing market bubble, the crisis quickly spread across borders due to the interconnectedness of international ...
openaire   +1 more source

Subprime Mortgage Crisis

2018
Christopher L. Foote, Paul S. Willen
openaire   +1 more source

The Impact of the US Subprime Mortgage Crisis

Advances in Economics, Management and Political Sciences
The subprime mortgage crisis has a huge impact on American society, it makes a lot of countries get into financial crisis too. A lot of countries economy goes downturn. It is due to the lack of supervision of the U.S. financial industry, and with the need for rapid economic recovery, led to the financial crisis in the later years, and the U.S.
openaire   +1 more source