Financial Markets and Institutions

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2. Outline the role that each party played in the subprime mortgage crisis. Identify the names of the companies that played a major role and briefly provide an update of their present status:

a. Mortgage companies/ brokers

b. Subprime borrowers

c. “Money center” banks

d. Investment bankers

e. Mortgage credit insurers (Freddie Mac, Fannie Mae, Ginnie Mae)

f. Credit rating agencies (the big 3)

g. Investors (Pension funds, hedge funds, global investors) 

  • 5 years ago
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