Subprime mortgage crisis > Related Articles
From Citizendium, the Citizens' Compendium
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Contents |
Index
See the related articles subpage to the article on economics [1] for an index to topics referred to in the economics articles.]
Parent topics
Subtopics
Related topics
Glossary
See also the related articles subpage of the article on the crash of 2008[2]
- ABX index [r]: A basket of credit default swaps linked to subprime mortgages. [e]
- Bubble (economics) [r]: A surge in prices that raises irrational expectations of further increases, so generating further increases, and so on: a process that continues until confidence falters, the bubble "bursts" and prices suddenly revert to a rationally-based level. [e]
- Fannie Mae [r]: (Federal National Mortgage Association) US government-sponsored enterprise created to provide financial support to Savings and Loans. Privatised in 1968. [e]
- Freddie Mac [r]: (Federal Home Loan Mortgage Corporation) Fannie Mae clone created to provide competition to Fannie Mae. [e]
- Hedge fund [r]: a limited-membership, agressively-managed investment fund, often escaping regulation. [e]
- Savings and loans [r]: US mortgage-lenders. American counterpart to British building societies. [e]
- Securitisation [r]: the conversion of a cash flow into a marketable security (usually the offer for sale of claims upon debt repayments, and often categorised according to the expected risk of default. Examples include colateralised debt obligations (CDOs) and structured investment vehicles (SIVs).) [e]
- Structured investment vehicle [r]: (SIV) a fund that borrows money - usually at LIBOR rates - by the issue of asset-backed commercial paper and uses it to finance longer term loans at higher interest rates. [e]
- Subprime lending [r]: Lending at interest rates above the prime rate because of an above-minimal risk of default. [e]
