Tag Archives: securities market

The UK’s Mortgage Gap

From the BBC: Net lending for mortgages – that’s mortgage lending over and above the refinancing of existing mortgages – was £110bn last year (it was a similar amount in 2006 and a touch less in 2005). According to a … Continue reading

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Australia Has Avoided Much Of The Subprime Mess

Here’s a report from an Aussie newspaper: Reserve Bank of Australia (RBA) assistant governor of financial markets, Guy Debelle, said the domestic banking system had only very small holdings of collateralised debt obligations (CDOs), where US sub-prime debt is on-sold … Continue reading

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What Are Collaterialized Debt Obligations?

From wikipedia: Collateralized debt obligations (CDOs) are a type of asset-backed security and structured cr product. CDOs are constructed from a portfolio of fixed-income assets. These assets are divided into different tranches: senior tranches (rated AAA), mezzanine tranches (AA to … 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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Subprime Crisis Hits CA

Guess who wants to borrow money? Not just home owners, but also governments like CA. The Contra Costa Times reports: THE SUBPRIME mortgage crisis that pushed homeowners into foreclosure and forced the Federal Reserve to bail out investment banker Bear … Continue reading

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Mortgage Refinance Applications Rising

That’s been the trend for the past six months. Then it slowed recently. Now apps are rising again. Here’s the report: A new report from the Mortgage Bankers Association (MBA), which measures the amount of activity in the association’s Weekly … Continue reading

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