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Subprime mortgage crisis in the United States in 2007–2008: causes and consequences (part II)
This is the second part of the qualitative and quantitative research on the subprime mortgage crisis in the United States in 2007–2008. The main purpose of this research is to determine the factors and how they contributed to the subprime mortgage crisis,
Vaidotas Pajarskas, Aldona Jočienė
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SUBPRIME MORTGAGE CRISIS IN THE UNITED STATES IN 2007–2008: CAUSES AND CONSEQUENCES (PART I)
The main purpose of this article is to determine which factors and how contributed to the subprime mortgage crisis in the United States in 2007–2008, what their causal links and effects on the markets and the whole economy were, and to assess what ...
Vaidotas Pajarskas, Aldona Jočienė
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This study is an analysis of the causes and effects of the subprime mortgage crisis with a specific focus on the role that residential segregation and discriminatory practices played and the impact that the financial crisis had on the American South.
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Understanding the Securitization of Subprime Mortgage Credit [PDF]
In this paper, we provide an overview of the subprime mortgage securitization process and the seven key informational frictions that arise. We discuss the ways that market participants work to minimize these frictions and speculate on how this process broke down.
Adam B. Ashcraft, Til Schuermann
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Quick Exits of Subprime Mortgages [PDF]
All holders of mortgage contracts, regardless of type, have three options: keep their payments current, prepay (usually through refinancing), or default on the loan. The latter two options terminate the loan. The termination rates of subprime mortgages that originated each year from 2001 through 2006 a re surprisingly similar: about 20, 50, and 80 ...
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Subprime Mortgages, Foreclosures, and Urban Neighborhoods [PDF]
Abstract This paper analyzes the impact of the subprime crisis on urban neighborhoods in Massachusetts. The topic is explored using a dataset that matches race and income information from HMDA data with property-level transaction data from Massachusetts Registry of Deeds offices.
Kristopher S. Gerardi, Paul S. Willen
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The Financial Crisis and the Global Shadow Banking System
The financial crisis triggered by increasing default rate, real estate devaluation and financial asset depreciation associated with the US subprime mortgages brought back the debate about the framework of the US and international financial systems, their
Maryse Farhi +1 more
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Subprime Mortgages: What, Where, and to Whom? [PDF]
We explore the types of data used to characterize risky subprime lending and consider the geographic dispersion of subprime lending. First, we describe the strengths and weaknesses of three different datasets on subprime mortgages using information from LoanPerformance, HUD, and HMDA.
Karen M. Pence, Christopher J. Mayer
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High Frequency Trading, it’s role in the 2007/2009 financial crisis and the 2010 flash crash
High Frequency Trading (HFT) is automation of the conventional securities trades in exchanges that begins by placing limit buy or sell orders, connecting the buyer to the seller and executing the transaction for profit.
Stanley Kimani Kirika
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The well-known subprime mortgage crisis, which began to manifest in early 2007, since when the effects of the speculative bubble begin to become evident from the increase in default rates in residential mortgages, has triggered a global crisis that has ...
Francesco Rundo +1 more
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