Paulson is the person who, back in 2005 & 2006, made a fortune betting that
the subprime mortgage mess would cause the real estate market to collapse.
I'm skeptical that freezing subprime mortgage rates is the answer to
our subprime mortgage mess.
I've been on the sidelines through the entire
subprime mortgage mess because I have a 15 year fixed mortgage.
Advanced Reading: How did we get to
this Subprime Mortgage mess: Download Subprime Files Understanding Securitization: Download Securitization Files Consumer Home Mortgage Information, provide by California Department of Real Estate
The only retraction Bernanke has made was in reference to his May 2007 comment that he thought
the subprime mortgage mess would be contained.
Not exact matches
He was also forced to clean up other
messes, including bad bets on U.S.
subprime mortgages and structured debt that cost the bank more than $ 10.7 billion in writedowns from 2007 to 2009, the most of any Canadian lender during the financial crisis.
«Isnâ $ ™ t the packaging of
mortgages and selling them to investors one of the reasons we got into the
subprime mess?
Employees in the
mortgage sector have been going through an out - of - control roller - coaster ride of job insecurity thanks to the housing slump and the
subprime lending
mess.
The problems exposed in the
subprime mess of the last 18 months have at least one silver lining: If you work for a one - stop - shop brokerage with an in - house
mortgage operation, you possess a powerful tool to aid customers who otherwise could have trouble finding safe, affordable loan options.