Talk:Subprime mortgage crisis

Useful article

This press report from 1999 may be of help: http://query.nytimes.com/gst/fullpage.html?res=9C0DE7DB153EF933A0575AC0A96F958260&sec=&spon=&pagewanted=1 Martin Baldwin-Edwards 08:52, 6 October 2008 (CDT)

I also found this (pdf download) a good source too. The growth of the mortgage bond market in the 80s is described in Michael Lewis' "Liar's Poker" (Chapter 5 et seq). J. Noel Chiappa 13:57, 25 October 2008 (UTC)

Article title

Most coverage I have seen uses the term Subprime mortgage crisis (i.e. singular) - should this be there? J. Noel Chiappa 13:59, 25 October 2008 (UTC)

I'm afraid I don't understand this question. Nick Gardner 15:00, 25 October 2008 (UTC)

Should the article be named Subprime mortgage crisis (singular) rather than Subprime mortgages crisis (plural)? Most news coverage I have seen uses the former (singular). J. Noel Chiappa 16:35, 25 October 2008 (UTC)

I agree with Noel. This article should be written in U.S. English and in U.S. English "subprime mortgage crisis" is correct. --Larry Sanger 12:48, 26 October 2008 (UTC)

I have no objection. Nick Gardner 14:02, 26 October 2008 (UTC)

Text clarification

At one the article says:

Bank mortgages came to account for a substantial proportion of a market that had previously been dominated by the government-sponsored agencies (Fannie Mae and Freddie Mac)

But I'm a little unclear on exactly what's meant here. Does it mean that banks were turning mortgages they held into securities without going through FNMA/FHLMC (either directly themselves, or by selling them to investment banks which did the repackaging), whereas prior to that most such securitization had been performed by FNMA/FHLMC? J. Noel Chiappa 13:57, 25 October 2008 (UTC)

I'm afraid that I know no more than is contained in the references. Nick Gardner 14:40, 25 October 2008 (UTC)

What I was saying was that I didn't understand what you meant by the sentence fragment I quoted. Could you rephrase it to make it a little clearer? J. Noel Chiappa 16:35, 25 October 2008 (UTC)

I do not have up-to-date figures, but the October report of the Senate Joint Economic Committee [1] Part 3 says - in the paragraph headed "Most subprime loans are securitized via non-agency conduits" - that in 2004 the two Government-sponsored enterprise were responsible for 28% of issues in the lower-priced part of the market and a negligible proportion elsewhere. That is what the paragraph was intended to convey. If you know of later figures, please let me know. Nick Gardner 14:49, 26 October 2008 (UTC)

Confession and invitation

I have been mainly preccupied with the "Crash of 2008" etc, and I may not have consulted some ot the important sources of material for this article. I will try to get round to doing another search, but in the meantime I should welcome a contribution from someone else Nick Gardner 14:57, 25 October 2008 (UTC)

I'm not sure if you consider the New York Times a good source, but I've found a number of their articles to be pretty enlightening. If you'd like, I can look some up and list them here. J. Noel Chiappa 16:35, 25 October 2008 (UTC)

Yes please! Nick Gardner 18:08, 25 October 2008 (UTC)