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Craig Stephen’s This Week in China: More Dubai-style reality checks ahead?

0 Comments Published December 1st, 2009 in News.

If the modern day castles built on Dubai’s sands have collided with the harsh reality of economics in a bubble aftermath, what other asset classes or countries could be found wanting?

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« U.S. banks less exposed to Dubai than Europe
Record-low mortgage rates entice some home buyers »
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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