United States housing bubble
The United States housing bubble was an economic bubble affecting many parts of the United States housing market in over half of American states. Housing prices peaked in early 2006, started to declin...
United States housing bubble - Wikipedia
Guess Who’s Getting That Bank Settlement Cash
Millions of dollars in big-bank settlements—from Goldman Sachs, Morgan Stanley, Citigroup, J.P. Morgan Chase, Bank of America and others—are being channeled to liberal groups like La Raza and the Urba...
Goldman Sachs Must Pay $5 Billion For The Sale Of Risky Mortgages Leading Up To The Financial Crisis
The Justice Department on Monday announced a $5-billion settlement with Goldman Sachs over the sale of mortgage-backed securities leading up to the 2008 financial crisis.
Japan’s economy out of recession but still in doldrums
Japan emerged from recession last quarter, but the rebound in the world’s third-largest economy was much weaker than economists had forecast. Questions and answers about what’s next and the possible i...
Subprime mortgage crisis - Video
Was the lack of regulation on financial derivatives the main cause of our economic collapse? Or was it the easy money that Fanny Mae and Freddie Mac were giv...
Subprime mortgage crisis
Watch the full version here: http://www.youtube.com/watch?v=bx_LWm6_6tA The Short and Simple Story of the Credit Crisis. By Jonathan Jarvis. Crisisofcredit.c...
Timeline of the United States housing bubble
Housing prices peaked in early 2005, began declining in 2006 (see also United States housing market correction).
Timeline of the United States housing bubble - Wikipedia
Causes of the United States housing bubble
Observers and analysts have attributed the reasons for the 2001–2006 housing bubble and its 2007–10 collapse in the United States to "everyone from home buyers to Wall Street, mortgage brokers to Alan...
Causes of the United States housing bubble - Wikipedia
United States housing market correction
United States housing prices experienced a major market correction after unsustainable valuations peaked in 2005-2006, prices of real estate then adjusted downwards causing a loss of market liquidity ...
United States housing market correction - Wikipedia
Subprime mortgage crisis
The U.S. subprime mortgage crisis was a nationwide banking emergency that coincided with the U.S. recession of December 2007 – June 2009. It was triggered by a large decline in home prices, leading to...
Subprime mortgage crisis - Wikipedia
Guess Who’s Getting That Bank Settlement Cash
Millions of dollars in big-bank settlements—from Goldman Sachs, Morgan Stanley, Citigroup, J.P. Morgan Chase, Bank of America and others—are being channeled to liberal groups like La Raza and the Urba...
Credit rating agencies and the subprime crisis
Credit rating agencies (CRAs) — firms which rate debt instruments/securities according to the debtor's ability to pay lenders back — played a significant role at various stages in the American subprim...
Credit rating agencies and the subprime crisis - Wikipedia
Subprime crisis impact timeline
The subprime mortgage crisis impact timeline lists dates relevant to the creation of a United States housing bubble and the 2005 housing bubble burst (or market correction) and the subprime mortgage c...
Subprime crisis impact timeline - Wikipedia
Goldman Sachs Must Pay $5 Billion For The Sale Of Risky Mortgages Leading Up To The Financial Crisis
The Justice Department on Monday announced a $5-billion settlement with Goldman Sachs over the sale of mortgage-backed securities leading up to the 2008 financial crisis.
Japan’s economy out of recession but still in doldrums
Japan emerged from recession last quarter, but the rebound in the world’s third-largest economy was much weaker than economists had forecast. Questions and answers about what’s next and the possible i...
Residential mortgage-backed security
A residential mortgage-backed security (RMBS) is a reference to the general package of financial agreements that typically represents cash yields that are paid to investors and that are supported by c...
Residential mortgage-backed security - Wikipedia
Global financial crisis of 2008-2009
The financial crisis of 2007–2008, also known as the Global Financial Crisis and 2008 financial crisis, is considered by many economists to have been the worst financial crisis since the Great Depress...
Global financial crisis of 2008-2009 - Wikipedia
Short sale (real estate)
A short sale is a sale of real estate in which the proceeds from selling the property will fall short of the balance of debts secured by liens against the property, and the property owner cannot affor...
Emergency Economic Stabilization Act of 2008
The Emergency Economic Stabilization Act of 2008 (Division A of Pub.L. 110–343, 122 Stat. 3765, enacted October 3, 2008), commonly referred to as a bailout of the U.S. financial system,...
Emergency Economic Stabilization Act of 2008 - Wikipedia
Home equity protection
Home price protection generally comes in the form of an agreement that pays the homeowner if a particular home price index declines in value over a period of time after the protection is purchased. Th...
Speculative fever
An economic bubble (sometimes referred to as a speculative bubble, a market bubble, a price bubble, a financial bubble, a speculative mania or a balloon) is "trade in high volumes at prices that are c...
Telecoms crash
The 2001 Telecoms crash is often confused with the Dot Com crash which happened at around the same time. Unlike the dot com crash however, the telecoms sector relied on long engineering research and d...
Great Depression
The Great Depression was a severe worldwide economic depression in the 1930s. The timing of the Great Depression varied across nations, but in most countries it started in 1929 and lasted until the la...
Great Depression - Wikipedia
A-paper
In the mortgage industry of the United States, A-paper is a term to describe a mortgage loan for which the asset and borrower meet the following criteria:The A series is also an ISO 216 series of pape...
Moral hazard
In economics, moral hazard occurs when one person takes more risks because someone else bears the burden of those risks. A moral hazard may occur where the actions of one party may change to the detri...
Stated income loan
A stated income loan is a mortgage where the lender does not verify the borrower's income by looking at their pay stubs, W-2 (employee income) forms, income tax returns, or other records. Instead, bor...
Alt-A
An Alt-A mortgage, short for Alternative A-paper, is a type of U.S. mortgage that, for various reasons, is considered riskier than A-paper, or "prime", and less risky than "subprime," the riskiest cat...
Alt-A - Wikipedia
Mortgage investment corporation
A mortgage investment corporation or MIC is an investment and lending company designed specifically for mortgage lending (primarily residential mortgage lending) in Canada. Owning shares in a mortgage...