Who is to blame for the mortgage meltdown? Everybody wants to point fingers at everybody else. Let's take a look how the crisis began.
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I have always said that it is very deceiving to say that the mortgage crisis is all about subprime loans. During the housing bubble, prime borrowers got just as greedy as subprime buyers and got themselves in loans they didn’t understand and/or couldn’t afford.
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The mortgage meltdown is in full effect. Find out how many lenders bit the dust in 07' and what the Feds did to try and help the market correct itself in 08". Predictions for the 08' U.S. housing market inside as well.
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So how far into this mortgage crisis are we? Is it possible that more mortgage lenders will fall victim to the sub-prime mortgage crisis? Let's ask Decision One Mortgage how they are doing.
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