The Myths of Subprime Lending
Tuesday, October 13, 2009
When I think about the housing crisis and tsunami of foreclosures that have hit the market I think about Sub-prime Mortgages. This was the first wave of loans that caused foreclosures according to the media. There are many myths that surround sub prime loans and this recent commentary of 10 sub-prime mythes published by the Cleavland Federal Reserve, Senior Research Economist, Yuliya Demyanyk.