SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?


To: KyrosL who wrote (84990)8/14/2007 1:17:59 AM
From: bart13  Read Replies (1) | Respond to of 110194
 

My guess is very few, if any. Mortgage securitization is a US invention.


I'm a novice in most areas of real estate.

Are mortgages in other countries played the same as they used to be 30+ years ago in the US? The bank who financed it kept it until it matured?



To: KyrosL who wrote (84990)8/14/2007 1:43:59 PM
From: andiron  Read Replies (2) | Respond to of 110194
 
are you sure? UK subprime appears to be worse than US variety..see the recent bloomberg article on that.
credit bubble is rampant even in emerging (money supply increase -india @30%, russia @50% yoy ) and this credit has caused the asset hyperinflation.
So many banks/investors are holding this on paper CDO or otherwise.



To: KyrosL who wrote (84990)8/15/2007 12:04:58 AM
From: Pogeu Mahone  Respond to of 110194
 
Please.
There has been a world wide property bubble.
Now a lot are upside down , just like here.
Mortgages are just as dodgey if the house has declined in value.