Understanding Mortgage Meltdowns
Borrowers who used alternative mortgages to finance homes during the housing boom have experienced rising foreclosure rates as housing markets have declined. Some types of alternative mortgages may have exacerbated price declines and damaged the finaborrowers who used alternative mortgages to finance homes during the housing boom have experienced rising foreclosure rates as housing markets have declined. some types of alternative mortgages may have exacerbated price declines and damaged the finances of consumers and lenders.
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List of lllustrations List of Tables Ch. 1 Overleveraged, from Main Street to Wall Street Ch. 2 Overview of the Housing and Mortgage Markets Ch. 3 Buildup and Meltdown of the Mortgage and Credit Markets Ch. 4 When Will the Crisis End? Ch.
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