How the Housing Crisis Started
The housing and mortgage market bubble and crash were not caused by subprime lenders. They were caused by the prime lenders that violated the rules of risk measurement.
Until we understand what happened and how it happened, it will be impossible for banks and regulators to determine what the real corrective actions should be, and thus it will be very difficult for the housing market and economy to recover. ...712 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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