The Housing Bubble Pops

Story date: 2007-09-20 12:54:00
Added on: 2007-09-21 00:00:20

CBS News - Adjustable-rate mortgages and interest-only loans, even negative amortization loans (in which mortgage debt grows month by month), became common. The worst of the speculative financing was in the subprime market, where moderate-income home buyers ...


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