I’ve written in prior posting some of my thoughts on the recent events in the subprime mortgage market, otherwise called the “Subprime Meltdown.” There are a series of articles that can help one understand the origin of this issue as well as some technical details describing how mortgages are packaged (collateralized) and sold.
- New York Times – Housing Busts and Hedge Fund Meltdowns: A Spectator’s Guide
- CNN Money – Junk mortgages under the microscope
- Forbes – The Rise And Fall Of Subprime Paper
- Robert Reich – Why Credit-rating Agencies Blew It: Mystery Solved
- Nouriel Roubini -Worse than LTCM: Not Just a Liquidity Crisis
- David Einhorn – Einhorn on Credit (note: this will open a PDF file)
- Commercial Mortgage Securities Association – Mortgage Backed Securities’ role
- Center for Responsible Lending – Losing Ground: Foreclosures in the Subprime Market
- Thomas J. DiLorenzo – The Government-Created Subprime Meltdown
- This American Life (NPR Radio Show)- The Giant Pool of Money
- A Subprime Primer with stick figures
- Bubble Meter - A Housing Bubble blog dedicated to the continuing decline of housing prices in the US.
I’m sure some kind readers will point me toward a few more articles which I’ll be happy to add to this list. (Thank you to those who have sent any of the links above)