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SUBPRIME MORTGAGE CRISIS - Coggle Diagram
SUBPRIME MORTGAGE CRISIS
CAUSES
Predatory Lending Practices and Targeting of Vulnerable Borrowers
The Role of Securitization and Mortgage-Backed Securities (MBS)
The Rise of Subprime Lending: Deregulation and Risk-Taking
Housing Market Bubble and Overvaluation of Real Estate Assets
UNFOLDING
Liquidity Crisis and the Freezing of Credit Markets
The Fall of Subprime Mortgage-Backed Securities and the Contagion Effect
The Failure of Major Financial Institutions and Bailout Efforts
The Downgrading of U.S.Sovereign Debt and Global Economic Fallout
IMPACTS
The Great Recession: Economic Downturn and Job Losses
Foreclosures and the Housing Market Crash
Loss of Wealth and Consumer Spending
Global Economic Recession and Interconnectedness of Financial Markets
Increased Government Debt and Fiscal Burden
REGULATORY REFORMS & AFTERMATH
Strengthening Financial Regulation and Oversight
The Dodd-Frank Wall Street Reform and Consumer Protection Act
Basel III Accords and Global Regulatory Reforms
Enhancing Consumer Protection and Mortgage Lending Standards