Blogger :
Personal Finance
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All posts by Personal Finance
Category :
Mortgages
Blogged date : 2008 Feb 09
A Little History
In the late 1990s real estate values begin to increase at an unexpected pace. In response to the healthy market, lenders eased their credit guidelines. Mortgage money was plentiful. Default rates on mortgages were minimal. Home values continued to rise and lenders perceived little or no risk to their collateral. Borrowers with adjustable [...]
