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