The US Mortgage Crisis at the beginning of this millennium Book Reviews
The US Mortgage Crisis at the beginning of this millennium by Judith Zylla-Woellner Book Summary
The United States mortgage crisis was one of the primary indicators of the financial crisis at the beginning of this millennium, characterized by an increase in subprime mortgage account receivables and foreclosures, and follow-on by a decline of securities. Due to this crisis many investment banks went bankrupt for instance Lehmann Brothers. The proportion of lower-quality subprime mortgages originated rose from the originally 8% to approximately 20% from 2004-2006, with much higher ratios in some parts of the United States. These subprime mortgages were well-liked in the United States and were one of the only options for many immigrants to own their dream house in the United States. A high percentage of the mortgages, over 90% in 2006, were adjustable-rate mortgages. This was part of a broader trend of lowered lending standards and higher-risk mortgage products.
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| Book Name | The US Mortgage Crisis at the beginning of this millennium |
| Genre | Finance |
| Author | Judith Zylla-Woellner |
| Published | 15 January 2013, Tuesday |
| Language | English |
| E-Book Size | 158.99 KB |
The US Mortgage Crisis at the beginning of this millennium (Judith Zylla-Woellner) Book Reviews 2024
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Summary of The US Mortgage Crisis at the beginning of this millennium by Judith Zylla-Woellner
The The US Mortgage Crisis at the beginning of this millennium book written by Judith Zylla-Woellner was published on 15 January 2013, Tuesday in the Finance category. A total of 188 readers of the book gave the book 0 points out of 5.
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