Subprime mortgage crisis/Related Articles: Difference between revisions

Revision as of 08:55, 4 March 2009

See the related articles subpage to the article on economics [1] for an index to topics referred to in the economics articles.]

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, aggressively-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 a claim upon debt repayments) and often categorised according to the expected risk of default (examples include collateralised debt obligations and structured investment vehicles.) ^[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]

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 ==Index==
 See the related articles subpage to the article on economics [http://en.citizendium.org/wiki/Economics/Related_Articles] for an index to topics referred to in the economics articles.]