Talk:Subprime mortgage crisis: Difference between revisions

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imported>J. Noel Chiappa
(Article title?)
imported>Nick Gardner
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But I'm a little unclear on exactly what's meant here. Does it mean that banks were turning mortgages they held into securities without going through FNMA/FHLMC (either directly themselves, or by selling them to investment banks which did the repackaging), whereas prior to that most such securitization had been performed by FNMA/FHLMC? [[User:J. Noel Chiappa|J. Noel Chiappa]] 13:57, 25 October 2008 (UTC)
But I'm a little unclear on exactly what's meant here. Does it mean that banks were turning mortgages they held into securities without going through FNMA/FHLMC (either directly themselves, or by selling them to investment banks which did the repackaging), whereas prior to that most such securitization had been performed by FNMA/FHLMC? [[User:J. Noel Chiappa|J. Noel Chiappa]] 13:57, 25 October 2008 (UTC)
I'm afraid that I know no more than is contained in the references. [[User:Nick Gardner|Nick Gardner]] 14:40, 25 October 2008 (UTC)

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 Definition:  financial crisis arising from defaults on the United States mortgage markets. [d] [e]
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Useful article

This press report from 1999 may be of help: http://query.nytimes.com/gst/fullpage.html?res=9C0DE7DB153EF933A0575AC0A96F958260&sec=&spon=&pagewanted=1 Martin Baldwin-Edwards 08:52, 6 October 2008 (CDT)

I also found this (pdf download) a good source too. The growth of the mortgage bond market in the 80s is described in Michael Lewis' "Liar's Poker" (Chapter 5). J. Noel Chiappa 13:57, 25 October 2008 (UTC)

Article title

Most coverage I have seen uses the term Subprime mortgage crisis (i.e. singular) - should this be there? J. Noel Chiappa 13:59, 25 October 2008 (UTC)

Text clarification

At one the article says:

Bank mortgages came to account for a substantial proportion of a market that had previously been dominated by the government-sponsored agencies (Fannie Mae and Freddie Mac)

But I'm a little unclear on exactly what's meant here. Does it mean that banks were turning mortgages they held into securities without going through FNMA/FHLMC (either directly themselves, or by selling them to investment banks which did the repackaging), whereas prior to that most such securitization had been performed by FNMA/FHLMC? J. Noel Chiappa 13:57, 25 October 2008 (UTC)

I'm afraid that I know no more than is contained in the references. Nick Gardner 14:40, 25 October 2008 (UTC)

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