what is sub-prime issue ???????
- 1 Answers
- 4496 Views
- State Bank Of India SBI, I also Faced
- E-Mail Answers
Answer Posted / aparna
The subprime mortgage crisis is an ongoing real estate and
financial crisis triggered by a dramatic rise in mortgage
delinquencies and foreclosures in the United States, with
major adverse consequences for banks and financial markets
around the globe. The crisis, which has its roots in the
closing years of the 20th century, became apparent in 2007
and has exposed pervasive weaknesses in financial industry
regulation and the global financial system.[1]
Approximately 80% of U.S. mortgages issued in recent years
to subprime borrowers were adjustable-rate mortgages.[2]
When U.S. house prices began to decline in 2006-07,
refinancing became more difficult and as adjustable-rate
mortgages began to reset at higher rates, mortgage
delinquencies soared. Securities backed with subprime
mortgages, widely held by financial firms, lost most of
their value. The result has been a large decline in the
capital of many banks and U.S. government sponsored
enterprises, tightening credit around the world.
| Is This Answer Correct ? | 3 Yes | 3 No |
Post New Answer View All Answers
How much tax shall be Levi on products like Tube light, bulb, electric fixtures in Karnataka state?
i need the model question paper of si
I got selected in Department of Posts,India as sorting assistant in RMS. I am MA rank holder and got research grant from state govt funding agency . will i get a loss of pay long leave from department of posts or do i have to resign? thanks sabu
SBI interview guide books issues enormous data about a bank.How can i manage such data to get.pls tell me some reliable sites name.
which types of questions should be prepared for the job of CLERK in HARYANA in various department?
what's the srarting salary of "state bank of paliala" clerk's salary...?
I AM MAHAVEER WORKING IN A PUBLIC SECTOR WHETHER I GET PATERNITY LEAVE BEFORE & AFTER DELIVERY OF MY WIFE?HOW MANY DAYS LEAVE WILL GET TO ME.
Sir i fill the form of Account Assistant post in U.P. Rajya Vidyut Utpadan Nigam Limited for written exam preparation & other related if any details kindly mail. And Please send me the model papers/Questions/studry material to my mail rjaiswar@gmail.com. Thanka.
How to prepare for G.K. in postal assistant exam?
plz send me question paper in bhel in previous year.
what type of interviews questions asked in NIC(National informatics centre) interview for scientist post?
Hi ,i m going to attend IT officer interview ,I will be thankful if any send information about that. my email id is pretty_mehak04@yahoo.co.in
Hi my dear friends and colleagues in postal department.(postal assistant) i want mutual transfer from vriddhachalam div to chennai division.is anybody willing pls contact my mobile no. 9884887749
There is differences between excise control code no and service tax code no
What is the interest rate for SBI Accounts? Interest rates for Loans?
