From associatedcontent.com
()
Subprime Mortgages
How will subprime mortgages, and more importantly defaults of subprime mortgages impact the real estate market as well as the US economy as a whole?
It was given the blame for the current state of the U.S Economy and rightfully so. But now with taxpayers on the hook for generations to come with the current set of government programs, should the Subprime mortgage be given a second look?Contributor: Deandre ParkerPublished: Nov 12, 2009
- Foreclosures hitting more people with good credit (pasadenastarnews.com)
Katherine Coble is scaring me:
From everything I’ve been reading and seeing of late, the Student Loan is in many ways the new subprime mortgage. The idea behind student loans is great. These loans are supposed to level the playing field a bit and make it possible for people without ready funds to be able to [...]
From politics.nashvillepost.com
()
- Student Loans As The New Subprime Mortgage : Post Politics ... (blogsearch.google.com)
- Subprime Mortgage Benefits (associatedcontent.com)
Two former Bear Stearns hedge fund managers who made very, very bad bets on subprime mortgages, Ralph Cioffi and Matthew Tannin, were found not guilty of securities fraud in Brooklyn federal court on Tuesday. The verdict invites a look back at how the history of the financial crisis is being written in real time.
William D. Cohan's riveting account of the fall of Bear Stearns, "House of Cards: A Tale of Hubris and Wretched Excess on Wall...
From salon.com
()
- 2 ex-Bear Stearns hedge-fund managers acquitted (sfgate.com)
- Bear Stearns execs cleared in hedge fund fraud (sfgate.com)
- Bear Stearns and Dunning-Kruger (federalism.typepad.com)
While not part of the GODORT Handout Exchange Wiki, I wanted to highlight a new guide from the Wisconsin Legislative Reference Bureau:
Tap the Power: Foreclosure Crisis
The introduction to this annotated bibliography states:
With the collapse of the subprime mortgage market early in 2007, foreclosures reached crisis level, and the crisis continues today. In answer, federal, state, and local governments have implemented programs to help...
From freegovinfo.info
()
- Hedge-funders acquitted in subprime bust (denverpost.com)
- Acquittals may hurt future subprime cases (dailyreportonline.com)
- Fed officials meet with community members on subprime crisis (feedburner.com)
At the Economic Policy Institute, Gregory D.Squires, Derek S. Hyra and Robert N.Renner write: While there has been widespread recognition that racial minorities are among the hardest hit by the subprime mortgage crisis, racial residential segregation has not been considered a factor behind the crisis in minority communities. Blame is being directed at ill-informed consumers, lax underwriting by loan originators, the failure of regulatory...
From dailykos.com
()
- Us Financial Crisis Subprime Lending And Mortgage Fraud (blogsearch.google.com)
- Pavlov and Wachter on Subprime Lending and Real Estate Prices (lawprofessors.typepad.com)
Subprime mortgages: Myths And Reality Kent Cherny & Yuliya Demyanyk 17 October 2009 The global crisis is said to have originated in the US subprime mortgage market. This column argues that many of the most popular explanations that have emerged for the subprime crisis are, to a large extent, myths. Subprime mortgages have received a lot of attention in the US since 2000, when the number of subprime loans being originated and refinanced shot up...
From freerepublic.com
()
- Subprime mortgages: Myths and reality (technorati.com)
Goldman spent years buying hundreds of thousands of subprime mortgages, many of them from some of the more unsavory lenders in the business, and packaging them into high-yield bonds. Now that the bottom has fallen out of that market, Goldman finds itself in a different role: as the big banker that takes homes away from folks such as the Beckers.
More on Banks
From huffingtonpost.com
()
- How Goldman secretly bet on the housing crash (lmtribune.com)
