Lan-Li-st810j_project

Lan-Li-st810j_project - A Survey Paper on 2007 Subprime...

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    A Survey Paper on 2007 Subprime Mortgage Financial Crisis Lan Li Edward P. Fitts Department of Industrial and Systems Engineering
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    Outline Background Introduction Causes of the Subprime mortgage crisis The countrywide influence and the corresponding reactions The international impacts of this financial crisis
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    Part I—Background Introduction What is Subprime lending? the practice of making loans to borrowers who do not qualify for the best market interest rate because of their deficient credit history or inability to prove they could for the loans they are applying. Subprime loan involves high risks. --housing market --a combination of high interest rates, bad credit history and murky financial situations associated with the applicants.
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    Part II—Causes of the Crisis Many factors created the crisis, but the most immediate causes were a rising interest rate environment which caused people with adjustable rate mortgages (ARM) to see
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This note was uploaded on 08/01/2008 for the course ST 810J taught by Professor Bloomfield during the Fall '07 term at N.C. State.

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Lan-Li-st810j_project - A Survey Paper on 2007 Subprime...

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