Tag Archives: initial interest rates

What is the Money Market and Why Does It Freeze?

Source: This whole downward spiral seemed to start with U.S. subprime mortgages. What exactly are they?Subprime mortgages are home loans made to people who would not, under normal circumstances, be ideal candidates to get a mortgage – thus they are … Continue reading

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Risky Lending In CA

From the New York Times: Today the Downey Financial Corporation, the big California savings and loan that Mr. McAlister went on to help found, has effectively put up the same sign. The Office of Thrift Supervision, which oversees the $13 … Continue reading

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