Subprime Mortgage Crisis 2008
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The document discusses various factors that contributed to the 2008 financial crisis, including: - Congress pushing homeownership too aggressively - The Fed keeping interest rates too low - Predatory lenders taking advantage of unqualified home buyers - Home buyers taking on mortgages they couldn't afford - Lax banking regulations under the White House - Finance executives selling risky products for profit without understanding the risks - Rating agencies underestimating the risks of mortgage-backed securities
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Subprime Mortgage Crisis 2008
- 1. Group: Allen Chen Dan Chen Robin Thieu Wendy Chen
- 2. Created by Robin Thieu, 2008 Fall
- 4. The Debt Trap Source : The New York Times
- 5. Financial Ratio Created by Robin Thieu, 2008 Fall
- 6. Created by Robin Thieu, 2008 Fall House Income Mortgage Lenders (Countrywide, Indy Mac, Fannie & Freddie) Banks ( Citibank, BOA) SPV Investors ( Banks, Funds, Insurance) Investment Banks (Bear Stearns, Lehman, Merrill Lynch) CDOs MBSs Mortgage Subprime Insurers ( AIG) Rating Credit Crunch
- 7. Macroeconomic Analysis Created by Robin Thieu, 2008 Fall
- 8. GDP and housing market Source : The Federal Reserve
- 9. Mortgage Rates Source : Federal Home Loan Mortgage Corporation's (Freddie Mac)
- 10. Home Price Indices Source : Standard & Poor’s
- 11. Total Subprime Mortgage Originations Growth
- 12. Homeowners Equity vs. Mortgage Source : The Federal Reserve
- 13. Unemployment Rate Source : State of the USA and BBC
- 14. US Homeownership Rate Source : State of the USA
- 17. Mortgage Lenders & Banks Created by Robin Thieu, 2008 Fall
- 18. Making MBS Source: The website of the Wall Street Journal , http://online.wsj.com/public/resources/documents/info-flash07.html?project=normaSubprime0712&h=530&w=980&hasAd=1&settings=normaSubprime0712
- 19. Making MBS Source: The website of the Wall Street Journal , http://online.wsj.com/public/resources/documents/info-flash07.html?project=normaSubprime0712&h=530&w=980&hasAd=1&settings=normaSubprime0712
- 20. Making MBS Source: The website of the Wall Street Journal , http://online.wsj.com/public/resources/documents/info-flash07.html?project=normaSubprime0712&h=530&w=980&hasAd=1&settings=normaSubprime0712
- 21. Fannie Mae Source : Analyticalwealth.com
- 22. Mortgage Default Source : The New York Times
- 23. Stock price of FNM Source : Thomson Financial
- 24. FNM’ net losses in holding MBS
- 28. Investment Banks Created by Robin Thieu, 2008 Fall
- 36. Credit Manipulation Created by Robin Thieu, 2008 Fall
Editor's Notes
- Good evening everyone, today our group would like to share some of our studies and opinions about the subprime mortgage crisis. We are Allen, Dandan, me, and Wendy. Before getting start, I would like to thank professor gave us a chance to learn and understand this one-in-lifetime crisis. And I would love to honor all of my teammates who have been working hard and sacrificing their leisure time for today final presentation.