Can someone explain the following terms: subprime mortgage bond, credit default swap, and shorting?
Jul 28, 2011 by Answerbug | Posted in Investing
I would appreciate simple definitions/explanations for each. I have read the Wiki articles, but I am still a bit confused. I understand that in subprime mortgages the borrowers do not have a strong credit histories. However, I do not understand what exactly
I'll try to keep it simple...(had to edit original post)
Subprime mortgage bond, aka a Mortgage Backed Security (MBS): Lenders or holders of subprime mortgages "pool" a large number of these mortgages together and then sell off "interests"
PrivateBanker | Jul 28, 2011
Subprime mortgages
This reviews the definition of subprime and highlights the startling trends in subprime MBS origination from 1999 to 2006.
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subprime
VOTE FOR "SUBPRIME": www.bitfilm.com by beeple (United States of America) Watch as the American housing market spirals out of control ...
