Economy
The 2008 Foreclosure Spiral: How Falling Home Prices Reduced Demand for Homes
Falling house prices are sometimes presented as the consequence of fewer buyers. During the US mortgage crisis, the…
Category: Real Estate
Property markets, mortgage rates and rental investment: prices, yields and where the market turns.
Economy
Why Mortgage Securitization Spread Credit Risk Without Eliminating It
Securitization converts pools of loans into securities purchased by investors. It can provide new funding for mortgages and…
Economy
How Subprime Lending Expanded Before the 2007 Mortgage Crisis
In the early 2000s American lenders extended mortgages to households that had previously struggled to qualify. That expansion…
Economy
The Savings-and-Loan Crisis Began With an Interest-Rate Mismatch
Many American savings and loan associations entered the 1980s with a balance-sheet problem that did not require fraud…