News: Subprime Mortgage Crisis

mortgage crisis

Sub-Prime Mortgages, Credit Default Swap... What's it all mean? Here's a quick video explaining it all in terms we can all understand.

I'm not a lawyer -- oh, wait, yes, I am -- but I count approximately a half-dozen state law crimes being discussed on those tapes, from money laundering to advancing prostitution.

This week, Hynes announced that "no criminality has been found" after his investigation of the videotapes made by investigative journalists James O'Keefe and Hannah Giles, which show ACORN employees counseling the pair on getting a mortgage for a house of prostitution.

Ann Coulter shows exactly how ACORN broke half a dozen laws and got away with it.Ann, being a lawyer, details which laws were broken and the penalties thereof. Being a member of ACORN makes you a member of the royal Obama court.

Bank run, on the Northern Rock Bank in the United Kingdom, by its customers queuing in order to withdraw savings along with a panic associated to the United States subprime crisis. The sub-prime mortgage industry fell down in the United States in March 2007, as a result ...

A new report issued today by the National Bureau of Economic Research indicates that the present severe recession is much more than simply a subprime mortgage crisis. No doubt the government's policy of applying pressure to mortgage lenders, via Fannie and Freddie, to lend to those unable to afford it contributed to the crisis.

As we all know, the massive wave of subprime mortgages that defaulted in 2007 and 2008 caused the biggest financial crisis since the Great Depression. What most people don't yet know, however, is that the "second wave" of mortgage defaults is on the way. A huge mountain of adjustable rate mortgages are scheduled to reset this year/