subprime

Due to its participation in underwriting subprime loans, Bear Stearns was one of the first casualties of the current financial crisis.

Yang Kaisheng, ICBC's president, said the impact of the subprime crisis on the bank had been limited.

In the United States subprime lending was a relatively small bit of the mortgage market-itself just apart of America's financial markets.

Economists are arguing vigorously about how much damage falling house prices and the subprime mortgage crisis will do.

But a year and a half later, so-called subprime lending is alive and well.

PERSONAL greed is often the explanation given for the disastrous forays of the world's banks into America's subprime mortgages.

After subprime crisis, dynamically counter-cyclical policy seems to be one of important measures to reduce credit proeyclicality.

Regulators, meanwhile, looked the wrong way: they were far more worried by hedge funds than subprime mortgages. That tends to be typical.

A year ago, Goldman Sachs and Credit Suisse appeared to have avoided the worst damage from the meltdown in the US subprime mortgage market.

Many lost so much money on toxic subprime mortgage-related derivatives that they have been essentially insolvent for more than a year.

As if the buy-out issue was not bad enough, banks face a bigger danger elsewhere, linked to the subprime-mortgage crisis.

Analysts are likely to spend the next few days trying to figure out exactly how much the bank has lost on its subprime investments.

In the United States, an estimated two million subprime adjustable-rate mortgages are expected to reset higher in the next two years.

This specialised in subprime lending and was one of the first big businesses to suffer serious problems.

A week ago, Soros said the seizure in global credit markets caused by the subprime collapse will get worse before it gets better.

What they had not foreseen was that the explosion in subprime mortgage lending in the US would be the catalyst for such a sudden bust.

It isn't all that surprising to hear that men take more risks: Just look at all the male executives who loaded up on subprime mortgages.

It was a typical BarCap bet - that the subprime problems would be short-lived and that it was picking up assets on the cheap.

He told me with a straight face that these CDOs were the only way to get rid of the riskiest tranches of Subprime debt.

As a result, it is virtually impossible for investors to understand how much exposure an institution really has to the subprime markets.

Selling the dollar, buying emerging markets, or betting against subprime were all simple strategies that worked throughout the year.

Perkins said. It rallied because the federal government announced that it would rescue Wall Street from its own subprime follies, he said.

"The Europeans are the biggest losers of the economic crisis, even though the home of subprime madness was the U. S. "

Instead, arguably, it was the excess securitisation of US subprime mortgages that unexpectedly set off the current solvency crisis.

It's safe to say that in the case of the subprime-mortgage mess, regulation and government subsidies deserve much of the blame.

Yet it still isn't clear exactly how much the bank has lost from its subprime portfolio.

The bank has reduced its subprime-related holdings to $1. 23bn and yesterday announced it had made $400m in loss provisions.

Certainly, the bank is in better shape than its arch-rival Citigroup, having largely avoided the most toxic subprime securities.

Wait a minute. . . I thought the Subprime problem was neatly contained in a nice little box of risk that the Fed had put it in?

I struggle to see how the private assessments that the subprime market was imploding were immaterial.

Ahead of the crisis, regulators, myself included, did not understand the risk of subprime mortgage paper in bank portfolios.

Mr Rogoff was careful to say that the malign effects of the subprime mess might not be as great as those of previous crises.

There was a stumble in emerging markets this summer when America's subprime crisis began to unfold.

It is now almost a year since the US subprime crisis went global.

After all, he made about $15bn for his investors backing his hunch that the subprime market would crack.

But now gravity has reasserted itself; just as it did two years ago with respect to subprime loans, or Greek debt.

UBS, the Swiss bank, this week said most of the $42bn the bank has lost as a result of the subprime meltdown was booked in the US.

It did not begin with the subprime disaster in 2007, nor the crash and burn of Lehman in 2008, nor are we able to blame any bubbles.

The explosion of the subprime-mortgage market early in the 2000s may now appear insane, but it had a logic.

The liquidity of subprime-mortgage securities was at the heart of the credit crisis.

One view holds that the bank was capsized by the financial tsunami brought on by the subprime mortgage crisis.

Like a toffee apple with a maggot inside, the debt markets have been tainted by their links with America's subprime mortgage crisis.

This time, surplus savings were, in their words, "recycled to a developing country that exists within the US" : the subprime borrowers*.

Global stock markets saw their first big wobble of the year as evidence of problems in the US subprime mortgage market began to mount.

By the U. S. subprime mortgage guarantee of American financial crisis crises, gradually evolved into the global financial crisis.

As it expanded at a breakneck pace, the company opened too many Starbucks in subprime locations.

That's because the card plans to join with both prime and subprime banks, according to a source familiar with the matter.

Mr. Arnold, however, writes that the bank's business of catering to wealthy clients will be tarnished by its subprime problems.

The bank was one of the first large institutions to signal problems with subprime mortgages last year.

Much of it has also been poorly invested, in everything from American subprime bonds to Greek government bonds.

If such a law had been on the books earlier, says CPI, the subprime crisis might never have happened.

China's largesse did not cause the global financial crisis. It did not cause US regulators to overlook subprime dangers.

It all sounds suspiciously like the subprime mortgage boom, when banks parked illiquid assets in off-balance-sheet vehicles.

Mr Mishkin said the experience with subprime loans in the US fitted a boom- bust pattern of financial innovation .

Lloyd Blankfein, Goldman's CEO, says the bank escaped the subprime mortgage storm with less damage than its competitors.

Yiwu, China - Liu Xia Feng does not pretend to understand subprime mortgages or international finance.

Japan's economy was ahead of the pack too; it went into a long correction 17 years before America's subprime lending crisis.

The idea of housing as a one-way bet fuelled the boom in subprime lending and pushed prices up to a peak from which they could only fall.

This was a profitable strategy until the crisis in subprime US mortgages and securitised finance undermined investor confidence.

But, those models haven't sheltered the banks from the subprime mortgage crisis that turned into a dislocation of the credit markets.

Two German banks that dabbled in subprime structured products have had to be rescued.

Toxic assets are no longer just a pile of securitised subprime US mortgages.

It is, as I said above, wearily reminiscent of the subprime tale.

He needs to convince Americans and their creditors that this country isn't becoming the world's largest subprime borrower.

'What led to the subprime meltdown was a manic denial of good judgment because there were warning signs everywhere, ' says Mr. Bennis.

That may explain why some Citi units continued to pile into subprime mortgages even as others pulled back.

Credit default swaps are the rocket fuel that turned the subprime mortgage fire into a conflagration.

The subprime market deals with mortgage lending to consumers that would not qualify for loans under traditional, prudential standards.

Lehman's chiefs signally failed to see the potential contagion from the subprime implosion.

The Department of Justice is investigating the company for giving subprime mortgage securities top ratings just before they imploded.

High default rates on "subprime" and adjustable rate mortgages (ARM), began to increase quickly thereafter.

Many credit funds are trying to find other low-risk ways to profit from the turmoil in subprime.

Their investment grade ratings of many subprime mortgage-backed securities were a primary cause of the current financial crisis.

The products had very little in common with complicated subprime derivative products that got Western banks into such a mess.

As the subprime crisis showed this year, it is hard to tell which banks and investors are at risk until the bad news comes out.

Even though some of the Chinese banks have exposure to the U. S. subprime-mortgage crisis, most have been forecasting strong profit growth.

Ultimately it may be hard to prove a causal connection between inequality, subprime lending and the Wall Street boom.

I missed the details of the link between subprime loans, securitisation, special investment vehicles and a meltdown in money markets.

CIT Group, the small-business lender that lost its way in an ill-timed foray into subprime, is a perfect example of those quick reflexes.

Their origins lie in 2004, when some of the big subprime lenders began to compete hard for market share.

This subprime lending was more than a minor relaxation of existing credit guidelines.

If only those rich-country banks which touted subprime mortgages to the poor had been as public-spirited.

In a matter of weeks thousands of portions of subprime debt issued as recently as 2005 and 2006 have had their ratings slashed.

German banks that were not able to go mad on mortgages at home bought up American subprime loans instead.

"The banks didn't want to look as if they were short themselves, " says one subprime investor.

Just months after it began taking perks away, the US subprime crisis snowballed into a global financial crisis.

These days, of course, the word "SIV" has become almost as taboo as the phrase "subprime securitisation" .

But he now proposes to let some home owners homeowners replace their subprime mortgages with federally guarantee guaranteed loans.

Emerging markets' sharp outperformance versus Wall Street since the subprime- induced slowdown appears to support the assumption.

It is even conceivable that this model will join securitised subprime mortgages on the scrap heap.

But the company has said it has enough capital to withstand more subprime-related losses.

It sold more than $12 billion in subprime mortgages that it had originated.

Who would have guessed that the combination of subprime loans and a building boom would have become attractive again so soon?

Early signs of trouble were seen in sophisticated markets that don't get much limelight, like the subprime-mortgage bond market.

Coming so shortly on the heels of the subprime crisis, the debate over the debt ceiling and the budget deficit is the last straw.

BoC, which last August said it held $10bn of subprime-related securities, said it had cut that exposure in half.

H1N1 will have to be a very powerful virus indeed to match the destructive force of subprime lending.

Hopeful talk of lines being drawn under the subprime crisis has been a feature of banks' quarterly reporting since September.

In a May 2007 speech in New York, he said Freddie had "basically no subprime exposure, " according to the suit.

The subprime mortgage mess alone does not force our hand; the $1. 2 trillion it involves is just the beginning of the problem.

Northwestern University's Shih said banks should be allowed to directly sell subprime or distressed loans, perhaps by securitizing them.

"Chinese policymakers have about as much chance of halting the property and asset bust as the Fed had of stopping the subprime crisis. "

The bank blamed difficulties in valuing its holdings in the subprime market.

"The credibility of US sovereign debt has steadily declined since the eruption of the subprime crisis, " it said.

There was much talk of further multibillion-dollar writedowns as a result of the subprime crisis.

The subprime disaster reinforced that reactive thinking can't avert a financial meltdown, and diversifying risk is still an imperfect art.

So far, hedge funds have managed to avoid the worst of the fallout from the subprime market.

Even subprime mortgage securities, which were largely blamed for causing the financial crisis, are back in demand.

The agencies are neither the only, nor indeed the main, culprits for the subprime crisis.

When share prices collapsed amid the global subprime crisis, it was unable to top up its collateral.

They want governors who would have done more to stop predatory subprime lending.

But he now proposes to let some homeowners replace their subprime mortgages with federally guaranteed loans.

At the risky, subprime end of the mortgage market, there are already signs of distress: defaults and foreclosures have been soaring.

Goldman has acknowledged that its marketing materials for the subprime product it was marketing contained incomplete information.

There will always be a Bernard Madoff or a subprime mortgage repackager willing to set us up for catastrophe.

This has emerged as a significant concern for investors following the implosion of the structured credit and subprime mortgage markets.

HSBC has lost $42. 2 billion to date, most of it thanks to its disastrous foray into America's subprime-mortgage market.

Confidence evaporated, because subprime loans were embedded in complex securities whose values and ownership were hard to determine.

Other Landesbanks appear to have been less exposed to America's subprime market, but it is open season on them nonetheless.

Regulators, too, have begun to express concern, seeing parallels, perhaps, with the over-optimism about the subprime mortgage market.

Regulators, too, have begun to express concern, seeing parallels, perhaps, with the over-optimism about the subprime mortgage market.

Billy, I really want you to watch out for subprime!

It is no longer just subprime mortgages and exotic credit-boom securities that are considered toxic.

Financial markets had begun to exhibit huge duress from the subprime problem by the summer of 2007.

The agencies' failure in the 2008 crisis was to give a false seal of approval to subprime securities, and then to downgrade them in a rush.

All of that shows that Wall Street's investment in politics is valued right now as badly as some subprime mortgages.

And although the export of subprime exposure has helped preserve the capital of American banks, it has rocked banks abroad.

Present outbreak of the subprime mortgage loan crisis is a typical case of credit default contagion.

But the U. S. subprime mortgage crisis brings China export enterprises is not all negative impacts.

That has costs of its own, not least damaging uncertainty about where exactly the subprime bodies are buried.

In the run-up to the US subprime crash, outcomes seen as highly unlikely were ignored.

Worries over subprime loans have hurt even some of the biggest lenders in the United States.

But subprime mortgages pooled and sold as securities became subject to explosive demand from investors around the world.

As a result, by mid-July some investors decided to stop buying ABCP paper from SIVs suspected of subprime exposure.

Asia's declines, which come after a punishing day of losses Friday, signal the financial crisis that began with subprime mortgages in the U.

Up until recently, Goldman has had a magic touch, betting correctly that subprime mortgages would crater and nimbly avoiding other messes.

Chronicling the explosion of subprime mortgages is a bit like reading Murder on the Orient Express.

It appears Safe began diversifying into equities early in 2007 and, rather than being deterred by the subprime crisis, it continued to buy.

In spite of the ongoing turmoil in markets with exposure to US subprime mortgages, those smooth conditions appear to be continuing for now.

The subprime crisis, when it first erupted, was widely perceived as the most dangerous financial crisis since the 1930s.

In 2007, the U. S. subprime mortgage crisis caused by the global financial crisis, all countries bring to a certain extent.

The focus of this paper is the analysis of the reason of the subprime crisis and the exploration of the formation mechanism of the crisis.

Swiss Re's quarterly net profit fell by 87%, compared with a year ago, because of subprime losses.

Much of the region has struggled with subprime-debt problems similar to those experienced in the U.

America's subprime meltdown is not, it seems, the best advertisement for unfettered finance elsewhere.

Asia's exposure to the subprime mess is thought to be much smaller than that of American or European banks.

A significant part of such asset-based longer-term instruments has included exposures to the troubled US subprime mortgage market.

And you need to understand the channels through which subprime defaults could spread to the wider economy.

So Wall Street hit on a ruse : it took borrowers who in normal times would have been subprime and dressed them up as "mid-prime" .

Moody's and other debt-raters have cast a worried eye over the market, placing subprime deals on watch for a possible downgrade.

By splitting this off from dodgy subprime assets, the hope is to tempt investors back and avoid an avalanche of forced selling.

The subprime lesson was hard-learned and mortgage markets everywhere are still vulnerable to a lack of available credit.

Directors, like most market observers, were aware of the subprime bubble but failed to spot the risks in related derivative securities.

By contrast, the value of many subprime-linked securities had been sliced in half as early as February.

As was the case with subprime debt, it seems likely some banks are underreporting their risks.

Subprime mortgages peaked at about 1% of the total in Australia and 2. 5% in Canada, compared with more than 14% in the United States.

As a result, the bills being put forward are written like the adjustable rate subprime mortgages that helped get us into this mess.

Greek banks have little direct exposure to the subprime-related instruments that have tripped up sophisticates in other markets.

The patchy credit histories of subprime and low-documentation borrowers made it hard to model default rates accurately.

The crisis started with the burst of real estate bubble, higher delinquency rate of subprime mortgage and adjustable-rate mortgage.

The crisis started with the burst of real estate bubble, higher delinquency rate of subprime mortgage and adjustable-rate mortgage.

Instead they headed for an area where Fannie (and Freddie Mac, which came a little later) could not go: subprime lending.

Back in 2005 and 2006 received wisdom denied that the rapid growth of subprime mortgages was a problem.

By the United States " subprime mortgage loan " crisis caused by the global financial crisis once again to reflect on government regulation.

Subprime bonds are securities backed by hundreds or thousands of loans to homeowners with spotty credit profiles.

Europe's own housing hotspots are cooling, and some of its banks have been sideswiped by America's subprime ills.

But there's another piece of the painful subprime story that hasn't hit the headlines yet: costly-sometimes abusive-subprime credit cards.

The subprime crisis, which dates back to 2007, is still spreading away from the original country--the US.

By the end of next year, an estimated two million or more holders of subprime loans will have their rates reset higher.

Citigroup has been hammered by the fallout from the subprime-mortgage debacle and its repercussions in financial markets.

last week , president bush announced a plan to help some people with subprime loan troubles.

The commodity market collapse combined with losses in the subprime sector of the mortgage derivatives market triggered the current crisis.

In the balmy days before the subprime crisis, "decoupling" suggested emerging markets would be safe from a developed world storm.

In the United States, the problems started with excesses and defaults in the subprime lending and housing markets.

Global observers have been quick to blame the US, arguing that it's all about the excesses of Wall Street and America's subprime fiasco.

Now that the CDO market is in the deep freeze, thanks to all those subprime-related losses, that source of demand has dried up.

The recent defaults in the subprime mortgage market may be affecting other bond investors and cutting off credit to the housing market.

Subprime crisis triggered the financial tsunami, caused the external environment of Chinese financial industry development to worsen.

Like a subprime mortgage, Congress may soon put taxpayers on a risky hook for mortgages gone bad.

Increasing concerns are paid on the causes, effects and prevention of financial crisis with the outbreak of the subprime crisis.

Risks is a inherent characteristic of investment. Since the 2007 subprime crisis, it again called people's attention.

Subprime mortgage lending refers to the number of bodies credibility to the extent of poor and low income borrowers of loans.

JPMorgan once again avoided the huge writedowns on subprime mortgage-related securities that have plagued its rivals.

The plan aims to help 1. 2m subprime borrowers with adjustable rate loans by fast-tracking those who can be refinanced.

Mr Bernanke played down the threat from the subprime mortgage market and highlighted a new risk to growth from weak business investment.

Subprime mortgage losses have hit bank shares and stock markets around the globe.

The combination of excessive leverage and mortgage securitisation were at the epicentre of the US subprime crisis.

Credit-card use expanded rapidly, and technological innovations gave more consumers access to credit, including subprime borrowers.

The outbreak and deepening of the subprime crisis was the profound lessons from this mechanism.

Accredited, a subprime lender, said this week it would stop taking loan applications and let more than half its workforce go.

The cost of insurance against default for the riskiest tranches of subprime debt has soared.

Its in connection with the collapse of a hedge fund that heavily bet on subprime mortgages before the market collapsed.

Finally, this paper points out the impact of the Subprime Crisis on China's macro-economic and micro-financial market.

Domestically, Australia's conservative banks proved resilient in crisis, having mostly avoided subprime-related toxic assets.

For another, more money may be required to address the problem in the housing market by providing relief to subprime and marginal borrowers.

But the scale and scope of America's housing boom-and-bust suggest that problems will not be restricted to subprime lending.

The pawns are getting killed by rising foreclosures in the subprime mortgage market, leaving the better credits exposed.

Those that did dabble in subprime loans were able to withdraw quickly.

buying more expensive house , using profit as down payment and getting better interest rate of subprime mortgage loan.

But when home prices fell, homeowners with financial problems were stuck and the number of foreclosures soared in the subprime market.

Credit Suisse, once an accident-prone rival, was enjoying a moment of glory after largely avoiding the subprime meltdown.

It's been a subprime year for everyone, not least the Vanity Fair 100.

That would make the ripple effect of the subprime mortgage crisis as a drop of water in the sea.

Moreover, their use is correlated with rapid price increases in a manner that isn't true for subprime or for high leverage ratios.

This shows that there are significant shortcomings in the designs of subprime lending and its derivative products.

Last week, federal agencies released the final version of a statement on subprime lending.

That expanded the demand for riskier securities, including subprime mortgages, and pumped up the real-estate bubble.

Some are fighting back, and their tactics could offer a model for other firms responding to claims over subprime losses.

Although Wall Street has been taking some subprime lenders under its wing, it has been helping to push others towards bankruptcy.

The scene outside the meeting comes three weeks after the firm was charged with civil fraud over subprime mortgages it sold to investors.

A leveraged EFSF is attractive to politicians for the same reason that subprime mortgages once appeared attractive to borrowers.

The charges against Goldman relate to non-disclosure of pertinent information concerning a derivatives trade tied to subprime mortgages.

China is also the only economy of any size that is actually still growing, albeit at a subprime (no pun intended) 6-8 per cent.

To alleviate the devastating subprime mortgage crisis, early prevention is essential, after the remedy is not helpful.

Without the innovation, banks could never have issued subprime mortgages with teaser interest rates that would later soar.

Even if a fifth of the $650 billion of adjustable-rate subprime loans went bad, that would be a blip in the $40 trillion market for debt.

The de-bubbling process inflicted great damage on the corporate sector, from which it was finally recovering when the subprime crisis hit.

In 2008, the subprime crisis triggered global financial turmoil, all over the world for us on crisis "one" .

The implied profits exceed the $50bn-odd of subprime write-offs that global banks have announced so far.

Apart from Chinese banks, the government's investment of its foreign exchange reserves in the subprime sector have been relatively small.

The resulting glut of liquidity and financial firms' thirst for yield led eventually to the ill-starred boom in American subprime mortgages.

Goldman also allegedly hid from investors Paulson's significant role in selecting the subprime mortgage securities referenced in the trade.

Georgia lacked any similar protections (and the Bush administration blocked the state's efforts to restrict subprime lending directly).

Microfinance loans, like subprime loans, target poor clients in underserved communities, and charge high interest rates.

Mudd told a congressional panel in March 2007 that Fannie's subprime business represented less than "2 percent of our book. "

Sure, slower global demand will crimp Chinese earnings, and US subprime exposure is (slightly) denting Chinese banks' balance sheets.

Subprime lenders have also been scooped up by investment banks, including Morgan Stanley, Merrill Lynch and Deutsche Bank, in recent months.

Many investors have lost trust in securitization after losing huge sums on packages of subprime mortgages that had high default rates.

The traders bet that the ABX, a family of indexes made up of securities backed by subprime mortgages, would fall.

a central bank that tried to stop subprime lending in 2003 would have faced a political firestorm.

The American subprime crisis makes Chinese export enterprise face huge challenges.

But what about Fannie Mae and Freddie Mac, the vast "government sponsored enterprises" that were instrumental in stoking the subprime boom?

Many US and European financial services companies have seen their share prices tumble after billions of dollars in subprime-related losses.

And the assets that are now under scrutiny may be much bigger than their subprime predecessors but they are also better understood.

In July 2007 Ben Bernanke suggested that subprime losses would be less than $100 billion.

In the year 2008, the U. S. subprime mortgage crisis broke out, causing the global financial crisis.

Banks, as many commentators have noted, kept a surprising share of subprime securities on their balance-sheets rather than selling them on.

If a sudden subprime-style meltdown in the credit-card market is improbable, the risks of a sustained downturn are much more real.

Initially, many thought the financial crisis would be disastrous for subprime lenders, but that just hasn't panned out.

Our cunning financial sector fabricated such assets wholesale, from those "subprime" ingredients, with results we now see.

French banking giant Credit Agricole says it will sell billions of dollars in assets to deal with subprime losses by its investment arm.

One German bank, however, is doing well out of the subprime mess.

Too many high risk loans were blamed for the failure of the nation (nation's) second largest subprime lender.

Paulson &Co, a fund based in New York, has done well from betting early that securities backed by subprime mortgages would fall in value.

The crisis that started in the US subprime mortgage market spread this year to become a global economic and financial disaster.

There isn't a Chinese equivalent of the U. S. subprime mortgage.

Brokers who are getting three times the normal commission rate for selling an exotic subprime product should have to disclose that.

Us subprime mortgage crisis triggered by global financial crises, from the financial sector to spread to the entity economy field.

It owns a subscale retail operation in America but did not go on a subprime bender.

But when subprime delinquencies rose, accountants demanded that banks revalue these instruments.