Professional Documents
Culture Documents
U.S. Subprime Mortgage Crisis: Presented To Professor Castillo-Ponce
U.S. Subprime Mortgage Crisis: Presented To Professor Castillo-Ponce
U.S. Subprime Mortgage Crisis: Presented To Professor Castillo-Ponce
Subprime Borrowers
Subprime Lenders
Greater risks
High returns
Borrowers
Difficulties in re-financing
Begin to default on loans
Walk away from properties
Fraudulent misrepresentations
Financial Institutions
Securitization
Central banks
Stock Market
Home Owners
Minorities
Economy Condition
Recession
Low GDP growth rate
Business close out or lose money (banks, builders etc.)
Weak financial market
Low consumer spending
Lose jobs
Credit card
Car loan
Lose businesses
Lose jobs
Economy slow down
Financial market
Forecasting
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