Default Rates loans U.S. Will Keep up until mid-2010 STAMFORD, CT 03/04/09

STAMFORD, CT, March 4 / MARKET WIRE / --

MarketResearch.com has announced the addition of the new TowerGroup report "The U.S. Mortgage Banking Crisis: Ripple Effects and realities of the world" to their collection of Banking & Finance markets. For more information, visit http:// www.marketresearch.com/redirect.asp?progid=67618&productid=2043297

The U.S. subprime mortgage crisis developed from a perfect storm of the Federal Reserve policy in bulk on interest rates, skyrocketing housing prices and easy money by investment banks and money center banks.

The global credit and liquidity crisis has been caused not only by subprime mortgages, but also financial services institutions' (ISF) overleveraged balance sheets, deregulation, loss of credit derivatives, and weaknesses of agencies rating in the process.

The U.S. mortgage banking industry, which has lost about $ 1.1 billion (USD) in 2007, probably losing $ 5.3 billion in 2008 and will not return to profitability until 2010 at the earliest.

United States the rate of default is increasing until mid-2010, and financial losses continue to hamper U.S. mortgage IT spending, which TowerGroup expects to grow by 1.6% to compound annual growth (CAGR) from 2007 to 2012. Europe, the region feels the second largest negative impact of economic crisis, had a share of 39% worldwide ISP depreciation and losses on September 30, 2008.

Because the administration of the United Kingdom is the largest European country in which subprime mortgages are home (rather than buying from abroad), cut its problems in many ISF instead of only one few major problems, TFR, as in other EU countries.

Report Cover
Trends and prospects for the U.S. mortgage market
         Item 1
Causes of the mortgage crisis: risky mortgage products
         Item 2
Impact of U.S. mortgages on global finance
         Item 3
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Copyright © 2009 Marketwire MarketResearch.com announced the addition of the new TowerGroup report "The U.S. Mortgage Banking Crisis: Ripple Effects and realities of the world" to their collection of Banking & Finance markets.