A detailed overview of securitization, the process of converting illiquid assets into tradable securities. Understand its history, types, key events, mathematical models, significance, and implications.
Subprime Lending refers to the provision of loans, particularly home loans, to borrowers with a poor credit rating. These loans are considered high risk and therefore come with higher borrowing costs. Reckless subprime lending was a significant factor in the financial crisis of 2007-2008.
