Need an explanation of the subprime mess? Not here
Tags: EDITORIALS; SUBPRIME mortgages; SUBPRIME loans; FINANCIAL crises; FINANCIAL services industry
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- 'Sub-prime' should not be the basis for increasing financial regulation. Davidson, Sinclair // Institute of Public Affairs Review;Mar2008, Vol. 60 Issue 1, p15
The author reflects on the financial crisis which resulted from the high-risk loans or subprime. He stresses that the cause of crisis is that many investors undervalued the risk of financial instruments such as loans and securities. He addresses the lack of knowledge of the investors or the...
- Worries About Subprime Lending Are Overblown. Isaac, William M. // American Banker;10/2/2007, Vol. 172 Issue 190, special section p2
The article presents the author's views on why the negative effects of the U.S. subprime mortgage meltdown are being exaggerated. He says the subprime troubles were not driven by an economic downturn, and have not done significant damage to the banking system. He says the industry is robust...
- Money Management: Another manic Monday? Taylor, Mike // Money Management;8/23/2007, Vol. 21 Issue 31, p14
The article reports on the sub-prime mortgage crisis in the U.S. that represent a landmark event which known as "Black Monday" on October 19, 1987. Black Monday means that there are two generations of participants in the financial services sector who have not encountered the adversity that can...
- Panic Attack. // National Mortgage News;2/4/2008, Vol. 32 Issue 18, p4
The author reflects on the issue concerning the spread of subprime mortgage crisis to the world market. He claims that the move of the European Central Bank of lending money to the European economies has caused a panic that has made the global financial market extremely volatile. Despite the...
- Chairman's column. Hopewell, Stuart // Credit Management;Nov2007, p4
The author reflects on the subprime crisis in Great Britain. The author cites that financial institutions in the country are requesting the validity of credit ratings since they are under threat. He points out that it is time to remind employers about the importance of credit profession in...
- (Mis)Understanding a Banking Industry in Transition. Black, William K. // Dollars & Sense;Nov/Dec2007, Issue 273, p14
The author comments on the transition of the U.S. banking industry. He mentions the twin crises faced by the U.S. financial services industry. First, huge numbers of defaults among subprime mortgage borrowers, and second, massive losses for the holders of new-fangled investments comprised of...
- Does Subprime Have a Future, and If So, What? Muolo, Paul // Mortgage Servicing News;Oct2007, Vol. 11 Issue 9, p5
The author reflects on the future of subprime mortgages in Wall Street, New York City. He states that the subprime industry is coming off its five best years, up until the first quarter of 2007. He says that the future of subprime looks bleak. He adds that when the subprime sector rises from its...
- Yanks feel price pinch. Vik de Klerk // Finweek;9/20/2007, p18
The author reflects on the impact of the sudden collapse of the sub-prime mortgage in the global financial markets on the U.S. dollar. During the month of September 2007, large portions of loans granted by central banks to members are due for repayment. He explained how the U.S. Federal Reserve...
- Where Financial Markets Are Headed. McDaniel, Lisa // Credit Union Journal;9/10/2007, Vol. 11 Issue 36, p20
The author takes a look on the future of financial markets within the housing sector in the U.S. According to the author, the housing sectors seems to be crumbling, particularly the subprime market, and the bond market has seized up and investors are besieged with fear. Moreover, the author...
