The Nuts and Bolts of the US Subprime Mortgage Market

In a previous post, I discussed the subprime meltdown that is impacting the US real estate market. The following CNBC video (via CondoDomain) shows us how Wall Street bundles all of these individual subprime mortgages together to create something called a "mortgage derivative" which is then sold on the open market to investors.

John is a sales associate at Prudential Properties Plus in Toronto and a founder of Realosophy. Email John

John Pasalis

John Pasalis is President of Realosophy Realty, a Toronto real estate brokerage which uses data analysis to advise residential real estate buyers, sellers and investors. A specialist in real estate data analysis, John's research focuses on unlocking micro trends in the Greater Toronto Area real estate market. His research has been shared with the IMF and cited by the Bank of Canada and CMHC. A frequent commentator on the Toronto housing market and real estate consumer and industry issues, John has contributed to the Globe and Mail, CBC, BNN Bloomberg, TVO's The Agenda, Toronto Star and other media, national and international government and industry organizations. John holds a B.Sc. in Economics from the University of Toronto and is a candidate in the Doctorate of Business Administration Program at the University of Toronto and Henley Business School (UK).

The Nuts and Bolts of the US Subprime Mortgage Market

Get the Stories Behind The Sold Signs—Delivered Right to Your Inbox.

Soft Employment Data Increases Canada’s Runway for Non-Inflationary Growth

The Bank of Canada Holds Steady (and Offers Some Reassurance)

Last Week’s Glimpse Beyond the US/Iran War

The Tug of War Between Trade Uncertainty and the Energy Shock