File:Securitization Market Activity.svg
Original file (SVG file, nominally 709 × 709 pixels, file size: 52 KB)
 | This is a file from the Wikimedia Commons. Information from its description page there is shown below. Commons is a freely licensed media file repository. You can help. |
Summary
| Description |
English: From Economist Mark Zandi's January 2010 testimony to the Financial Crisis Inquiry Commission:
"The securitization markets also remain impaired, as investors anticipate more loan losses. Investors are also uncertain about coming legal and accounting rule changes and regulatory reforms. Private bond issuance of residential and commercial mortgage-backed securities, asset-backed securities, and CDOs peaked in 2006 at close to $2 trillion...In 2009, private issuance was less than $150 billion, and almost all of it was asset-backed issuance supported by the Federal Reserve's TALF program to aid credit card, auto and small-business lenders. Issuance of residential and commercial mortgage-backed securities and CDOs remains dormant."[1] Banks and other financial institutions packaged various types of loans (including mortgages) into securities and sold them to global investors. This is called securitization. In exchange for purchasing the investment, the investor receives a right to the cash flows from the underlying loans specified for the security. The chart shows how this financing source dried-up, meaning that non-prime mortgages and other types of loans could not be originated and sold to investors. |
| Date | |
| Source | http://www.economy.com/mark-zandi/documents/FCIC-Zandi-011310.pdf |
| Author | Financial Crisis Inquiry Commission |
Licensing
|
This work is in the public domain in the United States because it is a work prepared by an officer or employee of the United States Government as part of that person’s official duties under the terms of Title 17, Chapter 1, Section 105 of the US Code.
Note: This only applies to original works of the Federal Government and not to the work of any individual U.S. state, territory, commonwealth, county, municipality, or any other subdivision. This template also does not apply to postage stamp designs published by the United States Postal Service since 1978. (See § 313.6(C)(1) of Compendium of U.S. Copyright Office Practices). It also does not apply to certain US coins; see The US Mint Terms of Use.
|
 |
| This file has been identified as being free of known restrictions under copyright law, including all related and neighboring rights. | ||
File history
Click on a date/time to view the file as it appeared at that time.
| Date/Time | Thumbnail | Dimensions | User | Comment | |
|---|---|---|---|---|---|
| current | 16:55, 15 March 2012 | | 709 × 709 (52 KB) | Seqai |
File usage
Global file usage
The following other wikis use this file:
- Usage on kn.wikipedia.org
