RECLAIMING SPACES: housing the crisis

“What is called the “subprime mortgage crisis” reflects a fundamental crisis in the housingsystem of the United States. Subprime mortgages are mortgages given to borrowers whose incomes or credit ratings or the equity in whose property does not justify a conventionalmortgage at the prevailing interest rate on prevailing terms. Instead, subprime [...]

Posted on November 9th, 2008 under downloads and documents, housing & financial crisis, housing crisis. Tags: foreclosures, subprime, USA. Comments: 1