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Demystifying the Mortgage Meltdown:What It Means for Main Street,Wall Street and the U.S. Financial System
Milken InstituteOctober 2, 2008Glenn YagoDirector of Capital StudiesJames R. BarthSenior Fellow
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I have great, great confidence in our capital markets and inour financial institutions. Our financial institutions, banksand investment banks are strong.”
Treasury Secretary Henry PaulsonMarch 16, 2008 CNN
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…but just six months later…
“The financial security of all Americans …depends on our ability to restore our financial institutions to a sound footing.”
Treasury Secretary Henry PaulsonSeptember 19, 2008 Press release
Milken Institute - Mortgage Crisis Overview
Info and Rating
Sections
« prev | next »- I. Low interest rates and a lending boom
- II. Homeownership, prices, starts and sales take off
- III. Subprime borrowers and subprime mortgages
- IV. Mortgage product innovation
- V. Securitization
- VI. Affordability
- VII. Collapse
- VIII. Delinquencies and foreclosures
- IX. Damages scorecard
- X. Credit crunch and liquidity freeze
- XI. When will we hit bottom?
- XII. What went wrong
- XIII. Where do we go from here?
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