Tag Archives: financial instruments

Forcing Banks To Keep A Skin In The Game Of Mortgage Lending

One of the causes of the last recession and housing crash that everyone agrees on is that many originators of mortgage loans had little incentive to see that such loans were repaid because they quickly sold such mortgages. They were … Continue reading

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Who Is To Blame For The Mortgage Meltdown

Howard Marks is chairman of Oaktree Capital Management. He writes in the New York Times that everybody is to blame. He writes that we put too much trust in the free market. That we did not adequately regulate derivatives, which … Continue reading

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The Mortgage Market Has Changed Dramatically In Six Months

Duh. For the past ten years, lending has been too easy. Standards have been too low. Real estate prices just kept rising. Now all those things have changed. The American Chronicle reports: Vancouver, WA – Sub-prime mortgages have now been … Continue reading

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