Subprime Meltdown
I’ve written in prior posting some of my thoughts on the recent events in the subprime mortgage market, otherwise called the “Subprime Mentdown.” There are a series of articles that can help one understand the origin of this issue as well as some technical details describing how mortgages are packaged (collateralized) and sold.
- New York Times - Housing Busts and Hedge Fund Meltdowns: A Spectator’s Guide
- CNN Money - Junk mortgages under the microscope
- Forbes - The Rise And Fall Of Subprime Paper
- Robert Reich - Why Credit-rating Agencies Blew It: Mystery Solved
- Nouriel Roubini -Worse than LTCM: Not Just a Liquidity Crisis
- David Einhorn - Einhorn on Credit (note: this will open a PDF file)
- Commercial Mortgage Securities Association - Mortgage Backed Securities’ role
- Center for Responsible Lending - Losing Ground: Foreclosures in the Subprime Market
I’m sure some kind readers will point me toward a few more articles which I’ll be happy to add to this list. (Thank you to those who have sent any of the links above)
JOE
