Podcast
Questions and Answers
What is the defining characteristic of NINJA loans?
What is the defining characteristic of NINJA loans?
What unethical behavior did banks engage in with NINJA loans?
What unethical behavior did banks engage in with NINJA loans?
How did subprime lending differ from traditional mortgage lending?
How did subprime lending differ from traditional mortgage lending?
What impact did the rise in interest rates have on borrowers with teaser rate mortgages?
What impact did the rise in interest rates have on borrowers with teaser rate mortgages?
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What were the consequences faced by borrowers when property prices stagnated in 2006?
What were the consequences faced by borrowers when property prices stagnated in 2006?
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In what way did the film The Big Short illustrate the financial crisis?
In what way did the film The Big Short illustrate the financial crisis?
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What unethical behavior was exhibited by brokers and lenders in the context of selling mortgages?
What unethical behavior was exhibited by brokers and lenders in the context of selling mortgages?
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What strategy did big lenders like Countrywide employ by offering loans for 80% of the mortgage along with second loans for the remaining 20%?
What strategy did big lenders like Countrywide employ by offering loans for 80% of the mortgage along with second loans for the remaining 20%?
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What is one of the causes of the global financial crisis as mentioned in the text?
What is one of the causes of the global financial crisis as mentioned in the text?
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What shift in focus is noted about bankers in relation to the financial sector?
What shift in focus is noted about bankers in relation to the financial sector?
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What did the financial sector increasingly create instead of focusing on personal and business finance needs?
What did the financial sector increasingly create instead of focusing on personal and business finance needs?
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Which term is associated with providing loans to individuals who have No Income, No Job, and No Assets?
Which term is associated with providing loans to individuals who have No Income, No Job, and No Assets?
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What percentage of mortgages sold were accounted for by mortgage brokers, according to the text?
What percentage of mortgages sold were accounted for by mortgage brokers, according to the text?
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In what percentage of cases investigated, customers had self-certified their income?
In what percentage of cases investigated, customers had self-certified their income?
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Which major mortgage lender approached the government for support in September 2007?
Which major mortgage lender approached the government for support in September 2007?
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What type of obligations were used to slice loans into tranches when packaging mortgages into securities?
What type of obligations were used to slice loans into tranches when packaging mortgages into securities?
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Which bank required a £45 billion bailout from the UK government in September 2008?
Which bank required a £45 billion bailout from the UK government in September 2008?
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What year did Lehman Brothers fail when it could not sell its vast tranches of mortgage-backed securities?
What year did Lehman Brothers fail when it could not sell its vast tranches of mortgage-backed securities?
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