How Can Mortgage-Backed Securities Bring Down the U.S. Economy?

Submitted 4 months ago by laurel angelica
How Can Mortgage-Backed Securities Bring Down the U.S. Economy?
from money.howstuffworks.com
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Comment from the contributor:

Mortgage backed securities. Collateralized debt obligations. Credit crunch. What do these mean and how do they work? How Stuff Works breaks it down and explains how we got from record real estate prices to the worst recession since the Great Depression. Here's a sneak peak. It all started with over-saturation of the housing market, and too much product caused a drop in prices.  Want some clarification on subprime mortgage loans?  Check out this primer on the issue.   Still need some clarification?  Check out this tutorial on mortgage backed securities. 

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    Submitted 4 months ago By laurel angelica
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    Subprime Mortgages: A Primer
    Submitted 4 months ago by laurel angelica
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  • Helping to Keep Homelessness at Bay as ...
    Submitted 6 months ago By Vanessa Ringel
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    Helping to Keep Homelessness at Bay as Foreclosures Hit More Families
    Submitted 6 months ago by Vanessa Ringel
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    %3Cp%3EFrom%20The%20New%20York%20Times%20--The%20sub-prime%20mortgage%20lending%20created%20a%20bubble%20that%20burst%2C%20leaving%20thousands%20of%20homeowners%20homeless%20in%20New%20York%20City.%3Cbr%20%2F%3E%0A%3Cblockquote%3E%26%23147%3B%26nbsp%3B%26%23147%3B%26nbsp%3BHousing%20advocates%2C%20as%20well%20as%20city%20and%20state%20elected%20officials%2C%20describe%20the%20situation%20as%20nothing%20less%20than%20a%20crisis%2C%20with%20a%20growing%20number%20of%20New%20York%20homeowners%20who%20losing%20or%20in%20danger%20of%20losing%20their%20homes%20to%20foreclosure.A%20report%20released%20in%20October%20by%20Senator%20Charles%20E.%20Schumer%2C%20Democrat%20of%20New%20York%2C%20found%20that%20out%20of%20more%20than%20364%2C000%20outstanding%20subprime%20loans%20held%20by%20state%20homeowners%2C%20more%20than%2020%20percent%20would%20end%20up%20in%20foreclosure%20by%20the%20end%20of%202009.%26nbsp%3B%26%23148%3B%26nbsp%3B%26%23148%3B%3C%2Fblockquote%3E%3C%2Fp%3E%0A
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