Study: Originate to Distribute Model to Blame for Mortgage Crisis
April 2nd, 2008 | by admin |Research and consulting firm Celent released a study yesterday titled, “Pathology of the US Mortgage Crisis,” which examines the evolution of the credit crunch from its humble beginnings as a U.S. subprime refinance problem to the subsequent global liquidity crisis that ensued.
The Boston-based firm noted that the global credit market saw a “flight of uncertainty” […]