Category: Mortgages

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What is: A Mortgage-Backed Security

My last post was on mortgages, and focused on the home-owner (see here). If you’ll recall: The Home-Owner has a mortgage liability, which is the obligation to pay back the instalments over the mortgage term; and The Bank has a mortgage asset, which is the right to receive instalments over the mortgage term. Now this […]

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What is: A Mortgage

Given the recent news around the US Housing Market and the Freddie Mac, I thought that I should start tackling the Subprime Mortgage crisis, the Debt Ceiling Crisis, the America-in-General crisis, and all the fun stuff that goes with it. But before I can get to that, I think I may have to back-track a […]

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Daily News Roundup 2012: Wednesday 1 February

So, the news that I’m reading: The Eurozone Debt Crisis Greece one step away from Debt Deal (Associated Press via CNBC) link: http://www.cnbc.com/id/46205601 Europe’s Central Bank can’t fix “dysfunctional” EU (CNBC) link: http://www.cnbc.com/id/46205597 What happens if Greece defaults? (CNBC) Link: http://www.cnbc.com/id/43425042?slide=1 Slide 11 is frankly unnecessary. Portugal Pressures ECB to Halt Contagion (Bloomberg) Link: http://www.bloomberg.com/news/2012-01-31/portugal-as-greece-pressures-ecb-to-halt-contagion-prompting-nascent-bulls.html The key points: Everything […]

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