The cause of the housing crisis wasn?t the financial industry deceiving mortgage borrowers and investors but instead overly optimistic beliefs about house prices, according to a research paper released by the Boston Fed.
Published News » Subprime Mortgage Crisis
Boston Fed: Housing crisis wasn?t industry?s fault
Posted by mortgage 18 days ago (Editorial)
Study exonerates Federal Reserve's crisis-era bailouts
Posted by mortgage 18 days ago (Editorial)
A study by economists at one of the regional Federal Reserve banks has found that the U.S. central bank didn't break any laws in its handling of the 2007-09 U.S. financial crisis, and that, in fact, it ...
The Myth of Expert Advice - Part 4
Posted by mortgage 19 days ago (Editorial)
"Experts" (people who make it their job to understand and forecast markets or events) are usually no better at their jobs than dart-throwing monkeys. In this series of articles, we examine why ...
These Were The Best Moments From Frontline's Incredible Financial Crisis Documentary Last Night
Posted by mortgage 26 days ago (Editorial)
Frontline aired the first two parts of their 4-episode documentary "Money, Power & Wall Street" last night.
Guide To MBS ETF Investing - ETF News And Commentary
Posted by mortgage 31 days ago (Editorial)
Mortgage backed securities have long been feared by investors across the globe. Especially after the U.S subprime crisis back in mid 2007/2008 where these highly complex instruments were
Our opinion: Let the market heal itself
Posted by mortgage 34 days ago (Editorial)
?Do not accustom yourself to consider debt only as an inconvenience; you will find it a calamity.? ? Samuel Johnson The mortgage crisis, rife with subprime delinq ...
Israeli bank sues three U.S. financial giants for $720m
Posted by mortgage 37 days ago (Editorial)
Bank Hapoalim has filed a massive $720 million suit against Bank of America, Merrill Lynch and Countrywide over its losses in the U.S. subprime crisis, alleging that the U.S. institutions misled and defrauded it.
Bernanke: Housing was trigger of crisis, not cause
Posted by mortgage 38 days ago (Editorial)
Subprime mortgages and the housing bubble were the trigger while high leverage, unstable funding and deficient risk management and supervision were the vulnerabilities that led to the financial crisis, ...
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