Tag Archives: subprime meltdown

VA Backing More Loans

From the New York Times: In 2007, the V.A. guaranteed 133,000 loans. Surviving spouses of veterans may sometimes qualify, too. That had become almost a hallmark of subprime mortgages during the recent mortgage bubble, which is why so many veterans … Continue reading

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Home Appraisals

The Chicago Tribune reports on a battle in Washington over home appraisal: In March, Fannie Mae, Freddie Mac, their federal regulator and New York Atty. Gen. Andrew M. Cuomo reached an unusual agreement. With it, Cuomo stopped investigating the home … Continue reading

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What Is Subprime Lending?

Wikipedia’s entry says that subprime lending is also known as second chance lending, near-prime and B-paper. It means lending at a higher interest rate than the prime rate. Only prime borrowers — those with the best credit scores — get … Continue reading

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Understanding The Credit Crisis

David Leonhardt from the New York Times writes that if you don’t understand the subprime meltdown and the accompanying credit crisis you are not alone. Yes, it has been going on for seven months. But why? What’s the scoop? David … Continue reading

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