Rising Rates to Worsen Subprime Mess
Interest Payments Set To Grow on $362 Billion In Mortgages in 2008
Now the real crest of the reset wave is coming, and that promises more pain for borrowers, lenders and Wall Street. Already, many subprime lenders, who focused on people with poor credit, have gone bust. Big banks and investors who made subprime loans or bought securities backed by them are reporting billions of dollars in losses. Full Story »
Posted by Kaizar Campwala
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