[DOWNLOAD] ~ Subprime Mortgage Tremors: An International Issue (Report) by International Advances in Economic Research ~ eBook PDF Kindle ePub Free

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eBook details

Title: Subprime Mortgage Tremors: An International Issue (Report)
Author : International Advances in Economic Research
Release Date : January 01, 2009
Genre: Business & Personal Finance,Books,
Pages : * pages
Size : 286 KB

Description

Abstract The subprime mortgage crisis has negatively affected individuals, investors, lenders, and economies worldwide. This paper first examines contributing factors of the crisis: predatory lending, predatory borrowing and mortgage fraud, unethical practices, unregulated mortgage brokers, off-balance-sheet activity, and the infusion of capital from Asia that provided the fuel for subprime mortgage activity to continue. International markets have both suffered from and contributed to the crisis. Legislation that has been enacted or recommended in the U.S. and the European Union is reviewed. We then make recommendations which could begin to restore confidence of consumers and investors worldwide; however, it is clear that laws and regulations must be enacted quickly to correct the situation and bring stability to investment markets. Keywords Subprime * Mortgage * Lending