Together, Fannie Mae and Freddie Mac own or guarantee roughly half of the nation’s $11 trillion home mortgage market.
” is the question posed by one of the characters in “The Big Short”, Michael Lewis’s new book on those few investors who bet against the subprime-mortgage market.
NEW YORK (AP) -- Wall Street plunged in early trading Tuesday, finding little to placate its worries about the wilting mortgage market ahead of Thanksgiving.
Reporters also learned that as a result of the four major state-owned Banks accounted for the vast majority of mortgage market share, so the people of early loan repayment a "crash" phenomenon.
Into early autumn, the mortgage market continued to slump.
In 2007, mortgage defaults around the country sparked a crash in the high-risk sub-prime mortgage market, creating the worst recession in 70 years.
And troubles in the subprime mortgage market may spread, inhibiting lending to borrowers in better standing, and thus feeding back into prices.
A properly developed secondary mortgage market can play a useful role in channelling long-term funds, such as insurance and pension funds, to meet the rising demand for long-term home financing.
America's residential mortgage market is huge.
Similarly, problems in the subprime-mortgage market were once regarded as too obscure to affect the entire American economy.
Fannie Mae and Freddie Mac, the two government-sponsored giants of the mortgage market, were encouraged to guarantee a wider range of loans in the 1990s.
Bills to reorder the nation's agriculture, housing and mortgage markets followed in short order.
Everybody knows they are supported by the government, and they, in turn, are supporting the mortgage market.
He said the government's role in the mortgage market should undergo "fundamental change" but was quick to stress that there should still be a "carefully designed" government guarantee for mortgages.
As early as 2005, Fannie executives publicly expressed concerns about growing risks in the mortgage market.
Everywhere, countries need to look at their mortgage markets.
Bernanke was asked about the governments rescue of two federally chartered agencies that are the biggest players in the residential mortgage market.
The recent defaults in the subprime mortgage market may be affecting other bond investors and cutting off credit to the housing market.
So when one starts to wonder why investors were so slow to wake up to the problems of the subprime mortgage market (see article), information overload has to be a factor.
America's growing entanglement with the mortgage market also risks aggravating overinvestment in housing.
For jittery investors, these are instruments that offer safer exposure to America’s mortgage market.
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