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It appears that mortgage origination and securitization is currently “in limbo”: Private securitization has all but disappeared and is being absorbed by government- sponsored enterprises
Persistent link: https://www.econbiz.de/10009292976
How did poor underwriting bring about the collapse of the subprime mortgage market? More importantly, how would subprime mortgages perform if underwriting standards did not deteriorate?
Persistent link: https://www.econbiz.de/10009320665
To those who don't know, the term "shadow banking" probably has a negative connotation. This primer draws parallels between what has been termed the shadow banking sector and the traditional banking sector—showing that they are similar in many ways.
Persistent link: https://www.econbiz.de/10009320875
Increasingly, emerging markets are becoming a source of growth in the global economy. For example, foreign direct investment both into and out of these countries has shown a phenomenal increase since 2000.
Persistent link: https://www.econbiz.de/10009416018
During 1995-2007, home equity increased more than gross income for high-, low- and middle-income groups.
Persistent link: https://www.econbiz.de/10010727279
Contrary to popular perception, the foreclosure process can be very costly for a lender…it remains a puzzle as to why such large numbers of mortgages in default enter into foreclosure in the first place.
Persistent link: https://www.econbiz.de/10009206338
As in most crises, investors turned to Treasuries in droves over the past couple of years, even as yields declined.
Persistent link: https://www.econbiz.de/10008461924
This paper reviews some of the recent studies on international capital flows with a focus on the role of European global banks. It presents a revision to the commonly held “global saving glut” view that East Asian economies (along with oil-rich nations) were the dominant suppliers of capital...
Persistent link: https://www.econbiz.de/10010592558
At least early in the financial crisis, the high rate of foreclosures seemed to be due more to households' overreaching than to predatory lending. A disproportionate number of those being foreclosed on were well-educated, well-off and relatively young people.
Persistent link: https://www.econbiz.de/10009146825
On a national level, the number of vacant homes is declining, as is the percentage of mortgages in serious delinquency. However, the demand for housing hasn't picked up, nor have prices.
Persistent link: https://www.econbiz.de/10008828493