Archive for November, 2008

Subprime Mortgage Index Rallies

0 Comments Published November 27th, 2008 in The Fed.

More government money pledged to subprime assets helped to boost the subprime mortgage index on Tuesday.  Most indexes jumped 4 to 6 points on the news that the Fed will inject another $200 billion into the subprime mortgage industry, backing some assets that look terrible to any sane investor.  The subprime mortgage fall out continues [...]

Find more subprime information from Google
This blog discusses subprime mortgage problems. Subprime problems began when lenders offered loans to potential home owners with bad credit or credit / income that did not meet the standards of traditional lending. Subprime mortgages for people with bad credit or no credit face an uncertain future. Once the hope of many to enter into home ownership has now been corrupted both by overreaching consumers and predatory lenders. I hope to follow the aftermath of this crisis.

Mortgage Lender Implode-o-Meter






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