Tag Archives: recovery
A new day for subprime loans
The housing market is showing signs of life and that’s sparking a renewed interest in bonds backed by subprime mortgages.
Wednesday, the National Association of Realtors reported that existing-home sales increased 4.3 percent in January from a month ea… Continue reading
Obama’s refinance dilemma
Is President Barack Obama’s latest plan to allow millions more struggling homeowners to refinance their mortgages actually further stalling a housing market recovery? Critics of the proposal, announced last week, say the chief drawback is that it’s set… Continue reading
Chokeholds on a housing recovery
The housing crisis and resulting drop in home prices has cost $7 trillion in household wealth, according to a statement this month by the Federal Reserve. Despite recent upticks in sales, it’s only projected to get worse unless the increasing supply of… Continue reading