Thursday, February 7, 2008

How the Credit Crunch Could Undermine the Housing market

In the US subprime mortgage sector, there have been a record rise in mortgage defaults the consequence of this is that financial institutions have had to write off millions of dollars in bad debts. This has made them very reluctant to lend more money, especially to buy mortgage debt. Therefore, there has been a [...]

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[Source: Mortgage Blog]

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