Sentences with phrase «u.s. subprime crisis»

Still others made comparisons about how this new loan will re-create the conditions of the U.S. subprime crisis — creating a situation where over-leveraged buyers take on too much housing debt.

The U.S. subprime crisis happened when household and non-financial corporate credit was below 140 % of GDP.

However she dismisses the comparison with the U.S. subprime crisis, in which people who could not really afford one home ended up buying two or three; the HOME program will be limited to principal residences for first - time buyers only — and ones who have already met mortgage requirements.

Not exact matches

One of his past shorts is NovaStar Financial, a U.S. subprime lender that fell apart amid the 2008 financial crisis, embroiled in lawsuits.

Scott, like most everyone in the U.S., is eager to put the subprime crisis behind him.

Asked to make a case for the work of short sellers like himself, Muddy Waters» Block said in an e-mail to Canadian Business: «We think the real estate crisis [in the U.S.] could have been less severe had short - sellers felt comfortable enough to speak publicly about the problems they found with subprime lenders.

For example, heightened risk taking by investors and elevated leverage in large financial institutions and in shadow banking activities were among the factors that turned a downturn in the U.S. subprime mortgage market into a global financial crisis.

He was also forced to clean up other messes, including bad bets on U.S. subprime mortgages and structured debt that cost the bank more than $ 10.7 billion in writedowns from 2007 to 2009, the most of any Canadian lender during the financial crisis.

Speculative lending practices fueled a massive housing boom in the U.S. that inevitably led to the subprime mortgage crisis.

Paul Ferley, economist at Royal Bank of Canada, said the newly revised debt levels are close to the peak witnessed in the U.S. at the height of the subprime mortgage crisis.

Citigroup, however, the bank that spectacularly blew itself up with toxic derivatives and subprime debt in 2008, became a 99 - cent stock during the crisis, and received the largest taxpayer bailout in U.S. financial history despite being insolvent at the time, today holds more derivatives than 4,701 other banks combined which are backstopped by the taxpayer.

Until the 2007 collapse of the U.S. subprime mortgage industry and resulting credit crisis, Lehman generated a significant portion of its revenue through the issuance of mortgage - backed and asset - backed securities.

This is mainly because it had a lot to do with the housing and subprime mortgage crisis that wrecked the U.S. economy.

News of the U.S. Subprime mortgage crisis has just broken out.

The subprime crisis and and the accompanying downturn in the U.S. economy, and falling interest rates combine to form a toxic cocktail for reinsurers like RGA.

The international financial crisis that began in the U.S. subprime mortgage market in 2007, for example, is importantly linked to at least two of the innovative financial techniques discussed in this book: securitization and credit default swaps.

(Bloomberg)-- U.S. prosecutors have abandoned their case against Angelo Mozilo, a leader in selling the risky subprime mortgages that fueled the financial crisis, after a two - year quest to bring a civil suit against him...

Compared to the savings and loan crisis in the U.S. years ago, this subprime media frenzy is a tempest in a teapot.

Private, competitive mortgage securitization is believed to have played an important role in the U.S. subprime mortgage crisis.