Revisiting Subprime Crisis – Part II..

The trigger for busting of the housing bubble can be traced to increase in inventory of unsold homes with increasing construction to cash-in on the boom. The unsold inventory was up almost 40% in Sept’06 over previous year. This was accompanied by transition of loans from ‘interest only’ and teaser rates applicable for 12-24 months to higher rates … Continue reading Revisiting Subprime Crisis – Part II..
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