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U.S. Sub-Prime Mortgage Crisis

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		About Video : A rundown of the U.S. financial crisis stemming from sub-prime mortgages. Duration : [ 2 mins 10 secs ] Shared by : larry larry's total Posts : 3328 larry's Collection Add to my collection
larry's Opinion This video is showing how the U.S Sub Prime Mortgage Crisis occurred.

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Johnny1
Guest

0.10 Dollars($)

Posted: Mon Jun 23, 2008 5:17 am
Like to hear how can we get out of this Sub Prime Mortgage Crisis. Thank in advance.

jbarto65

Joined: 04 Nov 2007
Posts: 623

-0.20 Dollars($)

Posted: Wed Jul 09, 2008 10:24 am
More and more information on the mortgage crisis is popping up, I think this is good. People are getting educated and can avoid common mistakes learned by those who lost so much during this crisis.

charlesarmbruster
Community Experts

Joined: 12 Oct 2006
Posts: 169
Location: Mesa, AZ
43.75 Dollars($)

Posted: Wed Jul 09, 2008 10:36 am

Although rising prices prompted many cashout refinances, purchases of 100% of the home sale price by sub-680 FICO borrowers were mostly pegged to adjusting indexes with high margins to compensate for risk.

Those borrowers who estimated their incomes to properly rise to then afford their increased mortgage payments are doing fine; those who required refinancing at the end of their short Fixed-period are experiencing major problems with their lower home values and their inability to find new financing until such time as their principal has reduced and/or their home value has again begun to rise.

The only way I can forecast clear sailing for Canadian mortgageholders is if their indices hold steady -- if not, they will certainly experience similar fiscal pain.