Posted on May 29th, 2008 by Bright Light
When experts look at the current housing crisis, most place the blame squarely on poor credit mortgages. Too many banks got embroiled too deeply by offering poor credit mortgages and as a result many have either closed their doors or come very close to failure. It appears as though lax lending practices for poor credit […]
Posted on May 24th, 2008 by Bright Light
It is no secret; the UK is going through some tough times in the housing market. The latest figures have shown that homes in the United Kingdom will lose their value by a rate of seven percent in the next year alone. Other important figures are showing that the mortgage issues that exist in the […]
Posted on May 15th, 2008 by Bright Light
Freddie Mac, one of the largest lenders in the United States announced today that their losses in the poor credit mortgage market are much larger than they feared. Although the poor credit mortgage market has already been experiencing the highest rate of failures, experts were not quite prepared for how bad things would get. The […]