From nuwireinvestor.com
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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?
With US banks reluctant to make loans to riskier homebuyers, the government is using the FHA to make home mortgages more accessible. However, in doing so, the government is insuring billions upon billions of additional housing debt and potentially inflating a new subprime mortgage bubble that could...
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