Evolution of an Economic Crisis?: The Subprime Lending Disaster and the Threat to the Broader Economy : Hearing Before the Joint Economic Committee, Congress of the United States, One Hundred Tenth Congress, First Session, September 19, 2007, Volume 4 |
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asset prices bank Bankruptcy bond bubble bust Capital Chairman Schumer consumer spending cost credit markets crisis debt debt-to-income ratio decline defaults Director Orszag dividend Eakes equity expectations factors families farmland Federal Funds Rate Federal Reserve Figure financial markets forecasts foreclosure Freddie Mac future going growth Hedge fund Hedge fund losses higher home ownership homeowners house prices housing boom housing market impact income inflation investors issue liquidity million monetary policy months mortgage brokers mortgage loans Offering delayed paper payments percent Pollock portfolio predatory lending prepayment penalties price increases Price Index prime problems rating agencies ratio real estate real home prices real interest rates recent recession refinancing residential investment risk Robert Shiller securities securitization Shiller speculative stock prices structured investment vehicle subprime ARMs subprime borrowers subprime lenders subprime loans subprime market tion underwriting Vice Chair Maloney yield-spread premium