Sentences with phrase «called subprime mortgage crisis»
What is this so - called subprime mortgage crisis I keep hearing about on TV?
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We originally called our housing problems the «subprime crisis» because we thought the whole problem was centered on low - quality mortgages.
Many civil rights leaders and teachers called for leniency, and some wondered why black teachers in low - income neighborhoods faced racketeering charges when white Wall Street workers who were implicated in the subprime mortgage crisis did not.
Interestingly, the group was actually tipped off about the subprime mortgage crisis by receiving a wrong - number phone call from Greg Lippmann's assistant.
Examples pertinent to this crisis included: the adjustable - rate mortgage; the bundling of subprime mortgages into mortgage - backed securities (MBS) or collateralized debt obligations (CDO) for sale to investors, a type of securitization; and a form of credit insurance called credit default swaps (CDS).