Sat, Nov 29, 2014
A A A
Welcome hendrik.absolut
RSS

Real Estate Briefing - Categorized | Finance, Market Moves, Residential property Watch more

US housing crisis led to meltdown

Posted on 22 November 2010

From Scotsman.com: The origins of the banking crisis date back to between 2004 and 2006 in the United States, when interest rates rose from 1 per cent to 5.35 per cent, triggering a slowdown in the housing market.
Homeowners began to default on their mortgages. The impact was felt across the financial system as many of the mortgages had been bundled up and sold on to banks and investors……………………………………….Full Article: Source


 Article link

This post was written by:

Laxman - who has written 28515 posts on Opalesque Real Estate Briefing.


Contact the author

Comments are closed.

banner
November 2014
M T W T F S S
« May    
 12
3456789
10111213141516
17181920212223
24252627282930