Monday, January 14, 2008

Mortgage Crisis 101

Want to understand this "subprime" mess once and for all? Help is here, courtesy of Econbrowser.

3 comments:

Kyle Wolfe said...

I thought it was interesting when they mentioned the teaser rates that lured homeowners and now they are facing dramatic increases in their interest payments. Does anyone what percentage of these teaser mortgages have not yet increased their interest rates? Defaults are building up and more will be bad for consumer spending.

DavKSus said...

http://mjperry.blogspot.com/2007/12/putting-subprime-in-perspective.html

As usual, Professor Perry has some answers about the breakdown of mortgage origination.

PENNY STOCK INVESTMENTS said...

Thats a great post