TITLE

The Subprime Lending Saga

AUTHOR(S)
Marotta, David John
PUB. DATE
May 2008
SOURCE
Business Journal (Central New York);5/9/2008, Vol. 22 Issue 19, p8
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article reports on the decline of the subprime mortgage in New York which has cost the world 15% of its market capitalization. It stresses that the financial loss is due to the federal regulations interfering with the free market and not because of the mortgage companies and overextended borrowers. Moreover, the community groups believe that the regulatory pressure is pushing banks to increase their underwriting of low-income loans.
ACCESSION #
39363669

 

Related Articles

  • Careful Lenders May Thrive As Subprime Competitors Fail. Segal, Robert B. // Banking New York;Fall2007, p28 

    The article looks at the state of underwriting standards in the subprime mortgage lending sector. Market observers believe that underwriting standards have been tightened. In the Statement on Subprime Mortgage Lending issued by federal financial regulatory agencies, consumer protection standards...

  • Subprime lending.  // Hudson Valley Business Journal;5/12/2008, Vol. 19 Issue 19, p9 

    The article discusses the factors contributing to the subprime mortgage meltdown in the U.S. which has cost the world 15% of its market capitalization. According to a report, for over half a century, only 45% of Americans owned their own home. In 1994, former President Bill Clinton has sponsored...

  • Sub-prime fallout left egg on my face. Harper, Justin // Mortgage Strategy;8/27/2007, p28 

    The author reflects on his article about U.S. subprime scandal. He admitted that he was wrong and made an error of judgment by listening to one industry pundit over a handful of others. He adds that there is a moral lesson to his experience, that no expert can predict the future with any degree...

  • FORECLOSURE FALLOUT. Daniels, Steve; Fields-White, Monee; Carmichael, Matthew // Crain's Chicago Business;4/21/2008, Vol. 31 Issue 16, p1 

    The article presents information on how the subprime crisis has led to foreclosures in Chicago, Illinois. Driving the foreclosures are rising interest rates on subprime loans. More foreclosures are expected as adjustable-rate mortgages continue to reset higher than homeowners can afford to pay....

  • Housing and hegemony: The US experience. Ivanova, Maria N. // Capital & Class;Oct2011, Vol. 35 Issue 3, p391 

    This paper examines the historical evolution of housing in the context of US capitalism, highlighting the significance of homeownership as an ideology and social practice for the reproduction of hegemony in the USA. The paper challenges widely held views that identify public policy errors and...

  • TERRO-TOURISM. James, David // BRW;12/4/2008, Vol. 30 Issue 48, p74 

    The author comments on the closure of Guantanamo Bay in Cuba. He states that no resident living in the area is involved in subprime mortgages therefore, there should be no bank-bail out. Moreover, the author also suggests on terro-tourism as a solution to the problem since it can make marvelous...

  • Rays of Hope.  // National Mortgage News;1/12/2009, Vol. 33 Issue 15, p4 

    The author reflects on various U.S. states that experience a dismal delinquency. The author keys out the level of delinquencies for states including Alaska, Louisiana, and Mississippi. Staggering numbers for subprime adjustable mortgages which made a historically bad book of business are also...

  • Limited Recovery For Scratch And Dent Collateral.  // Asset Securitization Report;12/10/2007, Vol. 7 Issue 47, p16 

    The article reports on the implication of scratch and dent loans in the U.S. mortgage industry. The situation contributes pressure of the lack of new issuance and dips in pricing. According to the market participants, the continued subprime deterioration is not likely to pickup in the sector....

  • talking point. Clitheroe, Paul // Money (Australia Edition);Nov2007, Issue 96, p10 

    The author comments on the behavior of the stock market in Australia in August 2007 following the credit turmoil in sub-prime mortgages. He states that the market declined by 750 points due to the credit crisis. He says that the market reached a new record high in October and there was...

Share

Read the Article

Courtesy of VIRGINIA BEACH PUBLIC LIBRARY AND SYSTEM

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics