SubPrime Mortgage Mess Explained (with voice)

Add in illegals buying houses and kaboom.

It all started with CRA 1977 and Jimmy Carter.

i get it now!!

that was interesting.

More than 84 percent of the subprime mortgages in 2006 were issued by private lending institutions.
Private firms made nearly 83 percent of the subprime loans to low- and moderate-income borrowers that year.
Only one of the top 25 subprime lenders in 2006 was directly subject to the housing law that's being lambasted by conservative critics.

Fannie Mae & Freddie Mac? Uh, no. ACORN? Uh, nope again.

Try George Bush, Phil Gramm and all the values voters.

the bible says the same stuff about debt so there is nothing special about your koran

That mortgages are realy smelly.

Yes as a broker in the UK i agree were all in a mess.

nice

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