Private Subprime Mortgages Challenged FHA During 2000s Housing Boom
Abstract: The implosion of the subprime private loan securitization (PLS) mortgage market during summer 2007—contributing to the recession that followed—was a defining moment in U.S. financial history. It highlighted the fragility of the marketplace for mortgages that were pooled together into bond-like securities—securitized—and sold to investors.
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Provider: Federal Reserve Bank of Dallas
Source: Dallas Fed Economics
Publication Date: 2021-05-11