Bubble Meter is a national housing bubble blog dedicated to tracking the continuing decline of the housing bubble throughout the USA. It is a long and slow decline. Housing prices were simply unsustainable. National housing bubble coverage. Please join in the discussion.
Thursday, November 20, 2008
A short video explaining the mortgage banking meltdown
The broker segment of the video was incorrect. Brokers don't set teaser rates. And the banks set the terms for what was determined to be a creditworthy borrower/ loan scenario.
The broker segment of the video was incorrect. Brokers don't set teaser rates. And the banks set the terms for what was determined to be a creditworthy borrower/ loan scenario.
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