Subprime Mortgages
topic on 3 shows · 4 statements across 3 episodes
the Green Blueprint 
20VC 
Capital Allocators
4 statements about Subprime Mortgages, every show
Lippmann: 2000-vintage mortgages in booming regions had 6-7% default rates
“What we saw was that after six years,
The default rate in places in the top quartile where homes were going up 12 to 14% a year, the default rate was still six or seven percent.”
Lippmann: Slow-growth 2000-vintage mortgages had 28% defaults and 50%+ losses
“But if you looked at the bottom quartile for houses, they were going up three to four percent per year, and 28% of the people were defaulting. And we were losing 50, 55 cents on the dollar when they did, because of the similar type of slippage.”
Brophy: Fossil fuel assets are the new subprime mortgages
“The fact that fossil fuel assets are basically the new subprime mortgages. It's existential for them because some of these disclosures could expose that.”