| 16.11.2007 Opalesque Exclusive: Dallas Fed says foreclosures will increase, woes to continue but cites mitigating factors, lower interests |
| The Rise and Fall of Subprime Mortgages
After booming the first half of this decade, U.S. housing activity has retrenched sharply. Single-family building permits have plunged 52 percent and existing-home sales have declined 30 percent since their September 2005 peaks. ...The rise and fall of nonprime mortgages has taken us into largely uncharted territory. Past behavior, however, suggests t |
| Article source: http://dallasfed.org/research/eclett/2007/el0711.html - Opalesque is not responsible for the content of external internet sites |