An overview of subprime mortgage credit In this section, we shed some light on the subprime mortgagor, work ... a call for more collateral on its warehouse lines of credit on 2 March 2007 and ultimately filed for bankruptcy protection on 2 April 2007. ... agencies during the week of 9 July 2007 that affected almost half of first- lien home equity ABS deals issued in 2006. ... the presence of title and hazard insurance; disclosure offees and points to the borrower; statement that the lender didanbsp;...
|Title||:||Understanding the Securitization of Subprime Mortgage Credit: Federal Reserve Bank of New York Staff Report no. 318|
|Author||:||Adam B. Ashcraft, Til Schuermann|