서브프라임(subprime) = 비우량
모기지(mortgage) = 주택담보대출
Subprime Mortgage(비우량 주택담보대출) : 신용등급이 낮은 사람이 대출금리가 높은 서브프라임 모기지론을 받아서 주택을 장만하는 미국의 주택담보대출 제도
미국 주택담보대출의 신용등급에 따른 분류
Prime ▶ Alt-A ▶ Subprime
Subprime mortgage 란?
Subprime : 미국 내 하위 신용 등급 계층을 이름.
Subprime mortgage : Subprime 계층을 대상으로 하는 금리가 높은 주택담보 대출 제도 (Prime mortgage + 2~3%)
-> ARM이라는 상품의 구조적 취약점이 내재되어 있었음.
* ARM이란?
Ⅰ. Introduction
MORTGAGE lending is hardly the raciest business, but it has its moments. “It's a bit like the definition of combat: 59 minutes of boredom followed by a minute of sheer terror,” says Michael Youngblood, an analyst at Friedman, Billings, Ramsey, an investment bank.
figure 1. a protester carrying a slogan
World Financial Crisis in 2007 was originated from subprime mor
Ⅰ. Introduction
MORTGAGE lending is hardly the raciest business, but it has its moments. “It's a bit like the definition of combat: 59 minutes of boredom followed by a minute of sheer terror,” says Michael Youngblood, an analyst at Friedman, Billings, Ramsey, an investment bank.
figure 1. a protester carrying a slogan
World Financial Crisis in 2007 was originated from subprime mor