Yes, lending to mortgagees at high risk of repayment
Are all, or most, the mortgage problems ie Bear Stearns linked to sub prime mortgage loans?windows media center
Yes. Bear Stearns is just one of the players, but one of the best known. Had the sub prime mortgages not happened, the run up in real estate prices would have been much less. And we would not be seeing the massive rate of foreclosures we see today.
The market and all real estate is paying a huge price for the stupidity of shotgun lenders who clearly should have known better.
Are all, or most, the mortgage problems ie Bear Stearns linked to sub prime mortgage loans?nintendo ds browser internet explorer
No, they're caused by irresponsible people that never deserved to own homes in the first place, that abused a system that's been place for decades, to get into homes they couldn't afford, only to walk away from them because they didn't realize instant gains in equity sufficient to support their lifestyles that they refused to change as the rest of us resolved to do, when we decided to buy our homes.
That's the true cause of the mess we're in now...
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