Add new comment
-
Want facts and want them fast? Our Maths in a minute series explores key mathematical concepts in just a few words.
A new machine learning framework provides doctors with a reliable tool to help diagnose Alzheimer's disease early.
What do we know about monkeypox, what do we not know, and what efforts are going into modelling it?
The COVID-19 emergency resulted in some amazing mathematical collaborations.
Here's a simple game at which a human can out-fox even the cleverest algorithm.
The INI is celebrating its 30th birthday. What is it and what is it do for maths and mathematicians?
This article describes the failure to focus on the "what if" there is a plunge.
The plunge was not the only reason for an increased default rate. It was a secondary reason.
The primary reason happened prior to the plunge.
There was a housing "bubble" based on loose lending criteria and temporarily low interest rates.
The Adjustable rate mortgage was underwritten to the fixed rate portion only and not to potential market rates after this "teaser" rate expired. These mortgages "reset" to much higher rates because Greenspan started increasing interest rates in 2005-06.
Increased defaults and foreclosures crashed the CDO market months before the credit freeze and housing price crash.
For more details check out:
http://analytical-crm.com/UnMoney_TBTF.pdf