TITLE

NEVERMIND THE MODELS

AUTHOR(S)
Rosta, Joseph
PUB. DATE
January 2008
SOURCE
Bank Technology News;Jan2008, Vol. 21 Issue 1, p30
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article focuses on the failure of financial risk models in the U.S. mortgage industry in 2007. The failure was caused by the tension between home owners and investors, which resulted the $90 billion losses in the second half of the year. In this context, the industry determined that more understanding of the relationship between underlying securities and dynamics of the secondary market must occur.
ACCESSION #
28693072

 

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