You Searched For "subprime mortgage crisis" and got 19 results
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2 mins read
Bonds backed by commercial mortgages are a 'disaster' as real estate values crumble, hedge funder says
The CMBS market is in trouble, one hedge fund boss says, as loans on offices across the US are at r…
Jennifer Sor
2 mins read
Economist Paul Krugman says there are 'uncomfortable parallels' between the recent crypto slump and the subprime mortgage crisis
Complex financial products being peddled to investors least equipped to handle the risks is an echo…
Isabelle Lee
9 mins read
What caused the Great Recession? Understanding the key factors that led to one of the worst economic downturns in US history
The Great Recession was caused by the collapse of the subprime mortgage market, which led to a cred…
Anne Field
2 mins read
'Big Short' investor Michael Burry shared the thinking behind his iconic bet against the housing bubble - and reflected on his GameStop wager
Burry shared an email from 2005 in which he listed multiple red flags in the US housing market, and…
Theron Mohamed
2 mins read
Housing is even more unaffordable than it was at the peak prior to the 2008 crisis, as mortgage rates touch 23-year highs
The Atlanta Fed's home affordability index dropped to 69.5 in June, even lower than its level in 20…
Jennifer Sor
3 mins read
The credit card crisis is worse for millennials and Gen Zers
Americans are in the midst of a credit card crisis, and nobody is being hit harder than millennials…
Cork Gaines
4 mins read
Americans are facing a credit card debt crisis
The US is facing a credit card debt crisis as balances and delinquencies soar.
Cork Gaines
6 mins read
HENRYs are turning to a little-known and risky type of mortgage as home prices soar
Interest-only mortgages offer lower monthly payments, initially. But they also carry risks.
Eliza Relman
2 mins read
A hedge fund manager who dominated the last financial crisis posted a 26% loss during March's violent sell-offs, new report says
Ali Lumsden posted a 73% gain betting against the mortgage market in 2007, but his securitized cred…
Ben Winck
5 mins read
Meet the 'last-resort' mortgage lenders rising from the ashes of the financial crisis to help underqualified borrowers buy a home
"There are more self-employed business owners since the onset of the pandemic, and their needs are …
Alcynna Lloyd,Dan Latu
2 mins read
The 2008 housing bust suggests China's only halfway through its property crisis. Here's how the downturns compare.
Once a crash begins, it tends to last a long time, and Goldman Sachs forecasts China's current real…
Phil Rosen
2 mins read
Mortgage rates are soaring, but higher credit quality means there likely won't be a default crisis like the 2008 crash, Goldman Sachs says
"Our analysis suggests that a surge in delinquency rates is unlikely over the next year," Goldman S…
Jennifer Sor
2 mins read
People have stopped paying their car loans, and it shows millions are struggling in this economy
While the government has frozen student-loan interest and evictions, subprime auto borrowers are in…
Ben Winck
3 mins read
A kind of mortgage that helped cause the 2008 housing crash is surging in popularity. Here's why it's different this time.
The previous housing crash was triggered, in part, by adjustable rate mortgages. Experts say the mo…
Alcynna Lloyd
3 mins read
A kind of mortgage that helped cause the housing crash is surging in popularity. Here's why it's different this time.
The 2008 housing crash was triggered, in part, by adjustable rate mortgages. Experts say the mortga…
Alcynna Lloyd
3 mins read
Americans are spending nearly a third of their income on mortgages — the largest share since 2007
The typical US household is spending 31% of their income on mortgage payments, according to Black K…
Ben Winck,Alcynna Lloyd,Madis…
3 mins read
This banking crisis is different from the 2008-2009 financial crisis in 4 ways, Moody's chief economist Zandi says
The scope of the crisis, the regulatory environment, the US government's response, and the overall …
Huileng Tan
2 mins read
The stock market's stellar post-crisis run can't last forever, and the AI frenzy probably won't end well, Wharton professor Jeremy Siegel says
The S&P 500 has soared since it bottomed after the 2008 crisis, but it can't keep it up forever, Je…
Jennifer Sor
2 mins read
The US housing market is seeing its worst contraction since 2006 as mortgage applications crumble, says Freddie Mac economist
Higher interest rates are having a knock-on effect on American homeownership as rising mortgage rat…