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2. Government policies and the subprime mortgage crisis

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

   Research indicates only 6% of high-cost loans—a proxy for subprime loans—had any connection to the law. Loans made by CRA-regulated lenders in the neighborhoods in which they were required to lend were half as likely to default as similar loans made in the same neighborhoods by independent mortgage originators not subject to the law." [1]

3. List of major SEC enforcement actions (2009–2012) - Wikipedia

   en.wikipedia.org/wiki/List_of_major_SEC...

   In June 2009, the SEC sued Angelo Mozilo, former CEO of mortgage lender Countrywide Financial, and two other former officers, charging that they misled investors about the quality of Countrywide's loans while knowing the company was fueling its growth by letting its underwriting guidelines deteriorate and originating a growing number of risky subprime loans.

4. Subprime mortgage crisis - Wikipedia

   en.wikipedia.org/wiki/Subprime_mortgage_crisis

   Among the important catalysts of the subprime crisis were the influx of money from the private sector, the banks entering into the mortgage bond market, government policies aimed at expanding homeownership, speculation by many home buyers, and the predatory lending practices of the mortgage lenders, specifically the adjustable-rate mortgage, 2 ...

5. Report: Minorities a Prime Target of High-Risk Mortgages - AOL

   www.aol.com/2011/11/21/report-minorities-a-prime...

   Blacks and Hispanics with credit scores higher than 660 received subprime and option adjustable-rate mortgages three times as often as white borrowers in similar financial standing between 2004 ...

6. Subprime crisis background information - Wikipedia

   en.wikipedia.org/wiki/Subprime_crisis_background...

   By the beginning of the 21st century, these innovations had created an "originate to distribute" model for mortgages, which means that mortgage became almost as much securities as they were loans. Because subprime loans have such high repayment risk, the origination of large volumes of subprime loans by thrift institutions or commercial banks ...

7. Secondary mortgage market: What it is and how it works - AOL

   www.aol.com/finance/secondary-mortgage-market...

   The secondary mortgage market is a marketplace where investors buy and sell mortgages that have been securitized — that is, packaged into bundles of many individual loans. Mortgage lenders ...