While junk bonds may not represent a systemic risk as credit derivatives
did during the financial crisis, they can be one of the more effective leading economic indicators.
The mortgage program features a strong educational component and careful underwriting that helps maintain low delinquency and foreclosure rates,
even during the financial crisis.
Granted, the two major drops in value during this period — first when the tech bubble burst,
then during the financial crisis — were among the worst the market has ever witnessed.
Millions of homeowners struggled making their payments on
time during the financial crisis so you are not alone in searching for a 2nd mortgage with past credit problems.
The decline of stocks in the financials sector
during the financial crisis once again demonstrated how stocks in the same sector often exhibit similar performance during a particular phase of the business cycle.
The Nordic bank executive, whose cautious style proved
wise during the financial crisis, is now guiding her organization through an era of negative interest rates.