Accounting Reflects Housing Market Reality
Feb 15th, 2007 | By Dan Amoss | Category: Macro Economics
"Subprime" mortgage lending is a disaster unfolding before the eyes of financial market participants. Subprime refers to the practice of providing home mortgages to those with spotty credit histories in return for a few extra basis points of interest.
The Mortgage Lender Implode-O-Meter Web site has gained a wide following as ...read more
