rates and house prices. Some Chinese banks, especially the Bank of China, have been exposed to the US mortgage … mortgage defaults than their western counterparts because house buyers are mainly urban and high income residents who are …

that were closer to the actual default experience for loans originated in 2006 and 2007. However, for prime loans one would …

in 2007 and, in each case, was accompanied by a rapid expansion of financing — mortgage lending and mortgage … countries in 2003 to 2007. In the United States, Spain, Ireland, the UK, the Netherlands, and Denmark, a house price boom peaked …