What’s Causing the Credit Crunch?
Posted on August 23rd, 2007 by Jacky
A lively debate is ensuing as to why the mortgage industry is unraveling and who’s to blame for the growing credit crunch that is sabotaging the housing industry. Wall Street analysts, main street investors, corporate executives and government bureaucrats all disagree on which mortgage company will be the next to trip and fall into bankruptcy. But they all agree on one thing — the mortgage meltdown is far from over.Skyrocketing foreclosure filings on subprime loans, those made to borrowers with…(read more)
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