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2. Credit rating agencies and the subprime crisis - Wikipedia

   en.wikipedia.org/wiki/Credit_rating_agencies_and...

   source: Final Report of the National Commission on the Causes of the Financial and Economic Crisis in the United States, p.229, figure 11.4 Credit rating agencies came under scrutiny following the mortgage crisis for giving investment-grade, "money safe" ratings to securitized mortgages (in the form of securities known as mortgage-backed securities (MBS) and collateralized debt obligations ...

3. Moneytree - Wikipedia

   en.wikipedia.org/wiki/Moneytree

   This time, a bill sponsored by Rep. Larry Springer and Sen. Marko Liias—both of whom had previously received donations from Moneytree [5] —proposed creating a “small consumer installment loan” system that would allow lenders to offer 6-month to 12-month loans with effective interest rates up to 213 percent. [5]

4. Credit score in the United States - Wikipedia

   en.wikipedia.org/wiki/Credit_score_in_the_United...

   A credit score is a number that provides a comparative estimate of an individual's creditworthiness based on an analysis of their credit report. [1] It is an inexpensive and main alternative to other forms of consumer loan underwriting. Lenders, such as banks and credit card companies, use credit scores to evaluate the risk of lending money to ...

5. Troubled Asset Relief Program - Wikipedia

   en.wikipedia.org/wiki/Troubled_Asset_Relief_Program

   P-PIP has two primary programs. The Legacy Loans Program will attempt to buy residential loans from bank's balance sheets. The Federal Deposit Insurance Corporation (FDIC) will provide non-recourse loan guarantees for up to 85 percent of the purchase price of legacy loans. Private sector asset managers and the U.S. Treasury will provide the ...

6. Government policies and the subprime mortgage crisis

   en.wikipedia.org/wiki/Government_policies_and...

   Taking the roughly 25 million mortgages outstanding at the end of each year from 2006 through 2009 and subdividing them into 500+ subgroups according to characteristics like credit scores, down payment and mortgage size, mortgage purchaser/guaranteer, etc., the Commission found the average rate of serious delinquencies much lower among loans ...

7. Emergency Economic Stabilization Act of 2008 - Wikipedia

   en.wikipedia.org/wiki/Emergency_Economic...

   United States Department of the Treasury. After the freeing up of world capital markets in the 1970s and the repeal of the Glass–Steagall Act in 1999, banking practices (mostly Greenspan-inspired "self-regulation") and monetized subprime mortgages sold as low risk investments reached a critical stage during September 2008, characterized by severely contracted liquidity in the global credit ...