Títulos lastreados em hipotecas (MBS) explicados em um minuto: Aprendemos a lição?
O que veremos neste artigo:
Mercados Lastreados em Hipotecas (MBS): Uma Lição Aprendida?
Relacionamento Bancário Tradicional vs Moderno
Quando se trata de comprar uma casa por meio de empréstimos hipotecários, a diferença entre o relacionamento bancário tradicional e moderno se torna evidente. No relacionamento tradicional, o banco assume riscos ao emprestar dinheiro, estabelecendo um compromisso de longo prazo com o mutuário. Por outro lado, no modelo moderno, o risco é transferido para os investidores, resultando em um cenário de risco moral.
O Paradigma do Relacionamento Bancário Tradicional
Alice, em busca de financiamento para sua casa, procura o banco de Tony. Neste modelo, o banqueiro avalia minuciosamente a situação financeira do mutuário, compreendendo que o empréstimo está atrelado a um relacionamento duradouro baseado nos pagamentos ao longo dos anos.
O Paradigma do Relacionamento Bancário Moderno
Porém, no relacionamento bancário moderno, representado por Bill, a abordagem é diferente. Dave, em situação semelhante à de Alice, busca um empréstimo no banco de Bill. Nesse cenário, o enfoque no relacionamento de longo prazo é minimizado, deixando de lado muitos dos problemas do mutuário.
Risco Moral e sua Implicação
Um dos principais problemas desse modelo é o risco moral, onde os bancos simplesmente vendem os empréstimos, transferem o risco para os investidores e, em caso de falha, são estes que arcam com as consequências. A pergunta que surge é: quem é mais propenso a agir com prudência? Tony ou Bill?
Em resumo, enquanto o relacionamento bancário tradicional envolve um compromisso maior por parte do banco, assumindo riscos no processo, o modelo moderno transfere o ônus para os investidores, criando assim um cenário de risco moral.
FAQ
O que são Mercados Lastreados em Hipotecas (MBS)?
MBS são títulos lastreados em hipotecas, nos quais os pagamentos de juros e principal dos empréstimos hipotecários são utilizados como garantia.
Como o risco moral afeta os Mercados Lastreados em Hipotecas?
O risco moral surge quando os bancos transferem o risco para os investidores, resultando em uma menor prudência na concessão de empréstimos e na gestão dos riscos associados.
Conclusão
Os Mercados Lastreados em Hipotecas representam um aspecto crucial do sistema financeiro. É essencial compreender a diferença entre o relacionamento bancário tradicional e moderno, bem como reconhecer as implicações do risco moral. A reflexão sobre esses temas pode contribuir para uma análise mais abrangente e crítica do funcionamento dos mercados financeiros.
Writing a macro paper. This helped a lot, thanks!
I couldn’t understand how it worked just by reading the explanations from the finance blogs but this videos just made it clear.
Perfectly explained…saved lot's of time!!!
Great video easy to understand. Your instructions are very clear. Thanks!
They should have added this 2 minutes long video to the Big Short movie – it would have clarified a lot of things about what exactly happened.
Basically, the CDO is a kind of MBS which the bankers sold to investors – except, like a product, the CDOs were composed of shit mortgages – basically, mortgages which were unlikely to be ever repaid by the borrowers.
The investment banks sold investors shit products – and like when you eat shit food at a restaurant, the entire world economy got a global diarrhea epidemic.
This is a gross over-simplifcation that misses so many factors. But that can be expected from one minute lessons.
Thank you. Some websites cant explain shit without sounding overly technical or nonsensical!
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Very good content love it ❤️
Thanks SO much! This makes a lot of sense, the simple 1-2 minute videos with easy-to-understand examples always helps me way more than the complicated 20 minute videos that get way too specific. This is a great starting point.
I really love this content, very very educational and informative. I talk about this same topic in my channel. Check it out if you are interested: https://youtu.be/kfZr8HZUB2w
Very helpful video. The FED are the primary investors of MBS. Now I see how they earn their interest/dividends to generate money
what if people doesnt pay mortatge or you short that bond and people dont pay their mortage
Tony is prudent
What is here selling Dave's loan to investment bank and what is Creating MBS and selling to investers? How does it worth the money where the bank and investors pay out? 🤔
ماذا تعني MBS
mbs mortgage backed securities
تعني اوراق مدعومه بالرهن العقاري
حيث هي اختصارات الاحرف
(M)
mortgage
(B)
backed
(S)
securities
To answer the question, no. No, we did not learn our lesson.
this is just awesome!
do you think that institutional investors that purchased mortgage-backed securities contain subprime mortgages were following reasonable investment guidelines?
Wasn't this process the driving force behind American banks lending money to people who couldn't really pay it back? Packaging up bad debts and selling them off as MBSs to unsuspecting investors?
One word: Excellent!!
Yeah, and the "investors" throughout America and Europe, I guess are the general public, hooked up through the public pension funds?
Amazing!
One can be an intellect, but suck at teaching
but in your case, you are both intellectual and a great teacher! So, thank you for teaching us well and saving our time!
I have a question. Doesnt the modern bank lose some Money because they lend e.g. 100 to Dave but Receive only 50 from the Investment Bank. So he has a deficit of over 50 because of the additional interest
So what would cause investors to pay the price? The banks not properly qualifying loans for people who don’t have good credit and default on payments?
Great vid btw! Thank you so much 🙏🏼 💯
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This was an amazing video. Thank you so much!
Explained too fast that English medium person can't understand it.
You, my friend, just earned a subscriber for saving my time
Hi, thanks for the video. It is really informative and simple however I have a question. why doesn't Bill sell these loans directly to the investors?
WTF
Hello, Question —-
When people stop paying their mortgage, the can bank take their home and sell it at a foreclosure auction. Does any of that money go back to the Investors who purchased the loan from the bank?
One thing I don't understand here is, if it's the investors who carry the risk and the banks do not; then why did the banks need a bailout in the 2008 crisis?
Why is this video hating on mortgage brokers? “Dave’s loans” has a lot of skin in the game when they are 100% commission. Not to mention access to multiple banks and lenders to help the borrower shop for the best interest rate. That’s having the best interest in mind of the consumer. Big banks have payroll, building expenses, larger over head and they make up the money on inflated rate sheets.
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I’m doing a finance major. But my lecturers haven’t bothered to include any proper definitions or even remote conceptual explanations around this EXTREMELY crucial concept of MBS. Thank you very much for clearing a big cobweb of confusion and doubt in my head. I’ve had a doubt about this MBS concept since the very first time I read about it in the Global Financial Crisis etc. and now in my lectures!
The MBS racket is still churning out product. Recently did a mortgage. Asked specifically if our mortgage was going to be sold to another company or could we trust we would continue to work with the local office. They assured us it wouldn't be sold. Well, son-of-a-gun, a month after signing and beginning our payments we get a letter notifying a different company has bought our mortgage and we will now need to send our payments to them.
Great Explanation. Thank you. 💯
lmao you explained this so easily, thank you
How is the price of MBS calculated when they sold it to the Investment Bank?
Thank you for the excellent training. I am from Iran. I am watching your video and thank you for your good work. Try to increase the short but practical training to increase the level of awareness.❤💯