Tag(s): Consumer Affairs Mortgages; Economy Recession; Economy-Economics- US; Female Leaders; Free Market; Housing Crises; Man Made Disasters; Markets; Mortgage Crisis; Other Disasters; (more...) Real Estate; Real Estate Mortgages; Responsible Investment; Stock Market- Investing; Subprime Mortgages; Treasury Federal Reserve Interest Rates; Treasury Federal Reserve Monetary Policy; Wall Street, Add Tags (less...)
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January 9, 2008 at 21:05:06

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Hey Candidates: It's still about the economy and foreclosure

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By M. Davis (about the author)

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opednews.com

As America's mortgage markets began unraveling, economists initially focused on sub-prime mortgages issued to largely low-income, minority and urban borrowers. Closer analysis reveals risky mortgages in nearly every corner of the USA. Analysis by The Wall Street Journal indicates that from 2004 to 2006, when home prices peaked in many parts of the country, more than 2,500 banks, thrifts, credit unions and mortgage companies made a combined $1.5 trln in high-interest-rate, high risk loans. The potential losses on these loans are unknown. (“This Credit Crunch Has Bite: Part I”, Minyanville.com)

Monica Davis is a journalist, public speaker and author of hundreds of articles and several books, including: Land, Legacy and Lynching: Building the Future in Black America. Her articles have been used by home schoolers and students around the world. Author website: http://www.lulu.com/davis4000_2000

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http://www.lulu.com/davis4000_2000

Wanna be member of the anti-word police, author, columnist, activist and muckraker extraordinaire. Author of:

Land, Legacy and Lynching: Building the Future for Black America

Urban Asylum: Politics, Lunatics and the Refrigerator (more...)

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