The Mortgage Market: What Happened?


Subject:
Investing , Housing , Mortgages , Mortgages

Description:
This April 2007 article provides an overview of how, as "nationwide real-estate boom of recent years goes bust, economists and regulators are questioning the role that mortgage lenders played in helping to create an overheated housing environment." Includes discussions of risky loans and types of adjustable-rate mortgages (ARMs), growth in subprime lending (loans to borrowers with poor credit), and unethical practices. From National Public Radio (NPR).

Creator:
Trehan, Veena

Publisher:
National Public Radio (NPR)

Language:
English

Source:
http://www.npr.org/templates/story/story.php?storyId=9855669


PID= res:lii-24271