Talk:Subprime lending
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[edit] new page
i am moving, merging, and renaming the various articles we have on this topic into this article, please feel free to start working on this again as we need citations and references for the existing content Emax0 03:20, 14 March 2007 (UTC)
- Just for GFDL history purposes, it appears this article was merged from sub-prime lending and subprime. If someone feels up to it, a history merge could be done from subprime, but it's not a big deal I guess. --Interiot 18:43, 14 March 2007 (UTC)
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- I suggest moving the information about the people and their credit ratings out of the intro an into credit score (USA). If no one else does it, I'll put this on my to-do list. --Uncle Ed 18:06, 23 March 2007 (UTC)
[edit] Re-establishing Personal Credit Page
I've rewritten this section, but some references are still necessary. I removed a lot of the personal advice a previous contributor had made. I also renamed the section from "Controversy" to what it is now. Hopefully this helps a bit- Vince 17:08, 14 March 2007 (UTC)
[edit] expansion badly needed
The article currently doesn't address a notable factor in the phenomenon, which is that the subprime loans are typically sold off to other investors, shifting risk away from the loan writer and creating incentive to write bogus loans. Here is a Wapo article with some explanation. 64.160.39.153 01:13, 16 March 2007 (UTC)
[edit] Importance Rating
I rated this article top priority in the business and economics wikiproject due to its recent widespread use in the news.--Vince 18:02, 16 March 2007 (UTC)
[edit] Added some key concepts
I've added some text as to the types of loans that are considered to be sub-prime loans. I'm also working up some text describing how the capital markets play into mortgage lending in general. This should address the motivation as to why mortgage originators sell their loans off to a secondary market.
[edit] Specify USA
The article should make clear in some parts (especially the problems section) that it's referring to conditions specific to the USA.--Shtove 15:14, 30 March 2007 (UTC) I've just added the Globalize tag because I had the same concerns. There's nothing about the UK situation with doorstep lenders like Provident and Cattles, nothing about low documentation mortgages... I'll have a look around and see if there's anything else at WP that covers the UK situation. But I bet there isn't much about the smaller subprime lenders in, for example, New Zealand. Ringbark 17:32, 30 March 2007 (UTC)
Is there a similar kind of 'meltdown' in other countries that have mature mortgage markets? I would proscribe the following set of questions to anyone who wishes to add a global section, which is by no means comprehensive. What is the risk profile of the British, New Zealand, Japanese, German etc. anologue to the American sub-prime borrower? Who are the lenders that lend to the segment of the population with bad credit? What are the kinds of loan products sold, who are they sold to, and what are their benifits and drawbacks? What role do the capital markets play in the mortgage market? Are there foreign equivilants to Fannie Mae, Freddie Mac, and Farmer Mac? Indeed such questions go beyond the scope of an article concerning a specific cross section of mortgage market. Perhaps a reorginization of articles related to mortgages might be needed. Physicsbovine 22:43 5 April 2007 (UTC)
