Archive for the 'housing' Category

Mortgages

Posted by Brendan on March 12th, 2007 filed in economy, housing

The New York Times is reporting on the impending mortgage crisis: seems too many loans have defaulted, bringing down with them lenders. People have property they can’t afford to pay for, but that no one can afford to buy.
While real estate prices were rising, the market for home loans operated like a [...]

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