You Searched For "subprime mortgages" and got 20 results
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6 mins read
HENRYs are turning to a little-known and risky type of mortgage as home prices soar
Interest-only mortgages offer lower monthly payments, initially. But they also carry risks.
Eliza Relman
2 mins read
Economist Paul Krugman says there are 'uncomfortable parallels' between the recent crypto slump and the subprime mortgage crisis
Complex financial products being peddled to investors least equipped to handle the risks is an echo…
Isabelle Lee
9 mins read
What caused the Great Recession? Understanding the key factors that led to one of the worst economic downturns in US history
The Great Recession was caused by the collapse of the subprime mortgage market, which led to a cred…
Anne Field
2 mins read
'Big Short' investor Michael Burry shared the thinking behind his iconic bet against the housing bubble - and reflected on his GameStop wager
Burry shared an email from 2005 in which he listed multiple red flags in the US housing market, and…
Theron Mohamed
2 mins read
Housing is even more unaffordable than it was at the peak prior to the 2008 crisis, as mortgage rates touch 23-year highs
The Atlanta Fed's home affordability index dropped to 69.5 in June, even lower than its level in 20…
Jennifer Sor
2 mins read
A hedge fund manager who dominated the last financial crisis posted a 26% loss during March's violent sell-offs, new report says
Ali Lumsden posted a 73% gain betting against the mortgage market in 2007, but his securitized cred…
Ben Winck
3 mins read
A kind of mortgage that helped cause the 2008 housing crash is surging in popularity. Here's why it's different this time.
The previous housing crash was triggered, in part, by adjustable rate mortgages. Experts say the mo…
Alcynna Lloyd
2 mins read
Indian banks found ₹2.6 lakh crore frauds in first six months of FY20– only because RBI looked ‘closely’
The large piles of non-performing assets are not just toxic loans that turned bad – a chunk of …
2 mins read
People have stopped paying their car loans, and it shows millions are struggling in this economy
While the government has frozen student-loan interest and evictions, subprime auto borrowers are in…
Ben Winck
3 mins read
A kind of mortgage that helped cause the housing crash is surging in popularity. Here's why it's different this time.
The 2008 housing crash was triggered, in part, by adjustable rate mortgages. Experts say the mortga…
Alcynna Lloyd
3 mins read
Americans are spending nearly a third of their income on mortgages — the largest share since 2007
The typical US household is spending 31% of their income on mortgage payments, according to Black K…
Ben Winck,Alcynna Lloyd,Madison Hoff
2 mins read
The US housing market is seeing its worst contraction since 2006 as mortgage applications crumble, says Freddie Mac economist
Higher interest rates are having a knock-on effect on American homeownership as rising mortgage rat…
Zahra Tayeb
5 mins read
Meet the 'last-resort' mortgage lenders rising from the ashes of the financial crisis to help underqualified borrowers buy a home
"There are more self-employed business owners since the onset of the pandemic, and their needs are …
Alcynna Lloyd,Dan Latu
3 mins read
Rising interest rates are pushing up the cost of owning a home. See how average mortgage repayments are increasing in every US state.
This interactive map shows by how much the average cost of owning a home has increased since Januar…
Ryan Hogg
2 mins read
Americans aren't likely to lose their homes if the real estate bubble bursts, 2 economists say
"If buyers can't afford to pay their mortgages, they can sell their homes, pay off their mortgages …
Alcynna Lloyd
3 mins read
Billionaire investor John Paulson walked through his iconic bet against the housing bubble in a recent interview. Here are the 11 best quotes.
Paulson realized if house prices stopped rising and mortgage delinquencies kept growing, a wave of …
Theron Mohamed
2 mins read
'Big Short' investor Michael Burry offers an inside look at how his iconic bet against the housing bubble began
Burry shared an email from 2005 that outlined his plan to short mortgage-backed securities, and cal…
Theron Mohamed
2 mins read
Mortgage rates are soaring, but higher credit quality means there likely won't be a default crisis like the 2008 crash, Goldman Sachs says
"Our analysis suggests that a surge in delinquency rates is unlikely over the next year," Goldman S…
Jennifer Sor
2 mins read
Homebuyers desperate to get a mortgage are lining up for the same risky bet that helped cause the 2008 housing crash
The number of borrowers with risky credit scores getting adjustable rate mortgages is rising — it's…
Alcynna Lloyd
6 mins read
I bought a condo with a subprime loan in 2004, but refinancing my mortgage means I now have cheap, stable housing in the Bay Area
A lot has changed in the 16 years since we bought our little condo. We survived the recession and o…