Subprime Mortgages, CDOs Explained
October 19th, 2007 | InvestingBumped into this article today. It gives a pretty good summary of the whole subprime fiasco in housing that is happening lately.
“In March, less than a year after the issue was sold, GSAMP began defaulting on its obligations. By the end of September, 18% of the loans had defaulted, according to Deutsche Bank.” Junk mortgages under the microscope
If you finished reading that and still want to learn about how securitization works, the following article posted in May does a great job at it. Scroll down to “Turning Nuclear Waste into Gold”. The US Mortgage Market - Overexposed and Overrated
December 25th, 2008 at 2:51 am
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December 30th, 2008 at 2:20 pm
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January 1st, 2009 at 11:34 pm
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