The subprime mortgage that were said to be responsible for the last housing crisis are making a comeback – but this time they’re being called “nonprime” loans
Subprime Market Grows Stronger As More Lenders Jump In
March 7, 2014 by
More lenders are jumping into the subprime loan market again, ready to give borrowers with flawed credit another shot at the housing market.
America For Rent: Citizens in Joint Tenancy
March 2, 2013 by
A story yesterday by CNBC’s Diana Olick got my attention initially because of the title; “Home Buyers Are Back, but Where Are the Houses?” In that article Olick talks about the Spring housing market, and about how house inventories are staggeringly low given all the variables. With the raw number of homes for sale its lowest in over a decade, the question “Where are all the houses?” certainly is a curiosity. Let’s take a look.
AEI – How Government Policies Brought Down The Housing Market
April 30, 2012 by
Since 2006, housing prices have fallen 30 to 40 percent in most areas; millions now owe more on their mortgages than their houses are worth, and millions more have only slivers of equity. The average homeowner today has 7 percent equity in his or her home, versus 45 percent as recently as 1990.
