Keyword: mortgage-backed securities

Bubble Economics (6/17/2010)

Run-away securitization of housing mortgages abetted by loose credit rating, shaky credit default swaps, and cheap money led to a huge housing bubble in the US.

Keywords: ABS, Asset-backed securities, bubble, CDO, CDS, collateralized debt obligations, credit default swaps, interest rate, mortgage-backed securities, rating agencies, securitization, subprime loans

Under Water (1/22/2010)

Securitization of mortgage loans has fueled a US housing bubble whose bursting has put one in four mortgages under water.

Keywords: CDS, credit default swaps, housing bubble, mortgage-backed securities, rating agencies, securitization, subprime loans

Who Rates the Raters? (6/17/2010)

Bond rating agencies found it hard to serve both the interests of bond investors and bond issuers since they were directly paid by bond issuers for favorable ratings.

Keywords: bond, Investment grade, mortgage-backed securities, rating agencies, subprime mortgage