Subprime Mortgage notes, Apr 30 2008
Post September 11, 2001 the subprime mortgage idea resurfaced to slow the downturn in our economy. In a nutshell, the mortgage industry initiated and created the “pipeline” of subprime mortgages from 2002 till recently. The first short sales/foreclosure surfaced about 2007. That equates to a 5 year “pipeline”. On a linear scale that would mean we [...]
30 Apr 2008 Pete Chrzaszcz 0 comments