Monday, January 14, 2008
Mortgage Crisis 101
Want to understand this "subprime" mess once and for all? Help is here, courtesy of Econbrowser.
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Staying on top of financial market news is and has been critical to the success Michigan Interactive Investments has experienced since its inception in 1998.
3 comments:
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.
http://mjperry.blogspot.com/2007/12/putting-subprime-in-perspective.html
As usual, Professor Perry has some answers about the breakdown of mortgage origination.
Thats a great post
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