Subprime mortgage crisis/Timelines: Difference between revisions

Revision as of 11:30, 10 October 2008

Financial deregulation [1], [2].

Savings and Loans crisis - Failure of 296 US "Savings and Loans" mortgage lenders [3]

Progressive discount rate cuts by Federal Reserve Bank (from 7% in 1990 t0 0.75% in 2003 [4].

Housing boom begins (8% increase 2002 to 2003)

Fannie Mae eases credit terms for subprime loans [5]

Progressive discount rate increases (from 0.75% to 6.25% in 2006).

Housing boom continues (Average 2006 house price about 70% above 200 level)

25 Two Bear Stearns hedge funds threatened by losses from mortgage defaults [6].

6 American Home Mortgage bankrupt [7].

9 French bank BNP Paribas freezes funds because it is .unable to value its US mortgage-backed assets. [8]

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 {{subpages}}
+==The 1980s==
+'''Financial deregulation'''   [http://landru.i-link-2.net/monques/dereg80.html], [http://www.fdic.gov/regulations/laws/rules/8000-4100.html].
+'''Savings and Loans crisis''' - Failure of 296 US "''Savings and Loans''" mortgage lenders [http://www.fdic.gov/bank/analytical/banking/2000dec/brv13n2_2.pdf]
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 ==2007==
-==2008==
+===June===
+Two Bear Stearns '''''hedge funds'' threatened''' by losses from mortgage defaults [http://www.bloomberg.com/apps/news?pid=20601087&refer=home&sid=aYDTeHYnV3ms].
+===August===
+'''American Home Mortgage bankrupt''' [http://business.timesonline.co.uk/tol/business/industry_sectors/banking_and_finance/article2208983.ece].
+French bank '''BNP Paribas freezes funds''' because it is .unable to value its US mortgage-backed assets. [http://invest.bnpparibas.com/en/news/default.asp?Code=LPOI-75W9PV]