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Charts for the “Facts of the Economic Crisis” Column

Posted By Barry Ritholtz On November 20, 2011 @ 6:30 am In Credit,Real Estate,Regulation | Comments Disabled

I have lots of charts to back up the specifics of today’s WP column [1], but unfortunately, we could not jam them all into the paper.

This run is a supplement to that column.

click on any graphic for a larger chart

1) The housing boom and bust was global

Source: McKinsey Quarterly [3]


2) Nonbank mortgage underwriting exploded from 2001 to 2007, along with the private label securitization market, which eclipsed Fannie and Freddie during the boom
Source: University of North Carolina at Chapel Hill [5]


3) Subprime Lenders were (Primarily) Private: Only one of the top 25 subprime lenders in 2006 was directly subject to the housing laws overseen by either Fannie Mae, Freddie Mac or the Community Reinvestment Act

Source: McClatchy [7]


4) Lenders made 12 million subprime mortgages with a value of nearly $2 trillion. Mortgage Companies and Thrifts NOT affiliated with CRA made 75% of Subprime Loans from 2004-07,
cra-chartg1109 [8]
Source: Orange County Register [9]


5) Fannie and Freddie risky loan purchases was dwarfed by Private Label Securitization
Source: University of North Carolina at Chapel Hill [11]


6)  CRA were less likely to default than Subprime Mortgages

Source: University of North Carolina at Chapel Hill [11]


7) Suburbs and Exurbs were where the boom & bust occurred — not the CRA regions

Source: Washington Post [14]

Article printed from The Big Picture: http://www.ritholtz.com/blog

URL to article: http://www.ritholtz.com/blog/2011/11/charts-facts-economic-crisis/

URLs in this post:

[1] WP column: http://www.washingtonpost.com/business/examining-the-big-lie-how-the-facts-of-the-economic-crisis-stack-up/2011/11/16/gIQA7G23cN_story.html

[2] Image: http://www.ritholtz.com/blog/wp-content/uploads/2011/11/Sept09_CF1.jpg

[3] McKinsey Quarterly: http://www.mckinseyquarterly.com/newsletters/chartfocus/2009_10.htm

[4] Image: http://www.ritholtz.com/blog/wp-content/uploads/2011/11/fannieFreddie2.jpg

[5] University of North Carolina at Chapel Hill: http://www.ccc.unc.edu/FannieFreddie.php

[6] Image: http://www.ritholtz.com/blog/wp-content/uploads/2011/11/647-20081013-ECONOMY-subprime.large_.prod_affiliate.91.jpg

[7] McClatchy: http://www.mcclatchydc.com/2008/10/12/53802/private-sector-loans-not-fannie.html

[8] Image: http://www.ritholtz.com/blog/wp-content/uploads/2009/06/cra-chartg1109.gif

[9] Orange County Register: http://www.ritholtz.com/blog/2009/06/most-subprime-lenders-werent-covered-by-cra/

[10] Image: http://www.ritholtz.com/blog/wp-content/uploads/2011/11/fannieFreddie4.jpg

[11] University of North Carolina at Chapel Hill: http://www.ccc.unc.edu/cra.php

[12] Image: http://www.ritholtz.com/blog/wp-content/uploads/2011/11/defaultChart.jpg

[13] Image: http://www.ritholtz.com/blog../wp-content/uploads/2010/10/Foreclosure-nation-.jpg

[14] Washington Post: http://www.washingtonpost.com/wp-dyn/content/graphic/2010/10/18/GR2010101806640.html

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