000			01275cab a22002055a 4500
001			L143640
008			080522s2008 xxk f 000 0 eng d
035			_a(Sirsi) u143640
041	0		_aeng
100	1		_aBuch, Joshua
245	0	0	_aPossible causes of the current subprime mortgage loan crisis
260			_c2008
490			_aReal Estate Review _v37(1) 2008, 43-62(2)
520			_aConsiders the factors which led to the subprime mortgage crisis in the United States. Argues that changes in the mortgage system from the 1980s onwards evolved into the crisis which was seen from 2005 onwards. Reviews the changes which were seen in borrower characteristics, mortgage instruments and the increasing number of new lenders offering them. Examines Adjustable Rate Mortgages, their concomitant risks, and their application to the subprime market. Concludes that the widespread and even international acceptance of these and similar high-risk mortgages evolved into the subprime crisis and credit crunch which has been seen in financial markets since 2005.
590			_aKA
651		4	_aUnited States _y1959-
690			_aPROPERTY-RESIDENTIAL PROPERTY-RESIDENTIAL PROPERTY FINANCE AND INVESTMENT-MORTGAGING RESIDENTIAL PROPERTY
700	1		_aRhoda, Kenneth
942			_n0
999			_c80250 _d80250