29.09.2010 - Wall Street whispers: Toxic home prices
From Thestreet.com: The toxic-asset dilemma of mortgage debt has moseyed over from Wall Street balance sheets to Main Street's front door. During the height of the financial crisis, banks were plagued by the specter of residential real-estate assets whose values were indeterminable. Few buyers wanted to touch the stuff, no matter how low the price or how seductive the federal incentive. The issue mostly pertained to mortgage-backed securities tied to subprime mortgages and their derivative products, which were all going bust. But now the issue has become prevalent at the brick-and-mortar level - actual homes that can't be bought or sold..............................................Full Article: Source
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