2009Journal of Hangzhou Dianzi UniversityRequires access

Analysis of Main Causes of Subprime Mortgage Crisis And Its Effect on Global Insurance Industries

Jianzhong Yao

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Abstract

This article analyzes the development process of the subprime mortgage crisis,estimated loss and the main causes of the subprime mortgage crisis,and draws a conclusion that the risks and losses of global insurance industries caused by the subprime mortgage crisis are relatively small.

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What this paper is about

This article analyzes the development process of the subprime mortgage crisis,estimated loss and the main causes of the subprime mortgage crisis,and draws a conclusion that the risks and losses of global insurance industries caused by the subprime mortgage crisis are relatively small.

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Available abstract

This article analyzes the development process of the subprime mortgage crisis,estimated loss and the main causes of the subprime mortgage crisis,and draws a conclusion that the risks and losses of global insurance industries caused by the subprime mortgage crisis are relatively small.

Key concepts: Subprime mortgage crisis, Mortgage insurance, Subprime crisis, Business, Secondary mortgage market, Financial system, Collateralized mortgage obligation, Mortgage underwriting

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