Owning your own home is part of the American Dream, but the mortgage crisis in 2007 literally shattered that one hope for many in the country and around the world. Dubbed the Mortgage Mess or Mortgage Meltdown, the 2007 subprime mortgages crisis was heralded as the worst global crisis after the Great Depression of the 1930’s […]
Tag Archive | "subprime mortgage"
Half a decade on, and have we learned from the subprime mortgage crisis? Are mortgage derivatives now secure, and can investors purchase mortgage backed securities with confidence? There were lessons to be learned, but have we all learned them? There is no definitive answer to these questions. Even now, analysts disagree on the root causes […]