Debt2Assets

1.8 Million Sub-Prime Mortgages Poised To Surge

Monday, January 7th, 2008

The news handed down by U.S. Treasury Secretary Henry Paulson was glum today: as many as 1.8 million sub-prime mortgages are poised to reset over the next two years. Currently pegged at historically low rates, these mortgages will suddenly surge as the adjustable rate period kicks in. The result will ...

Posted in Mortgages | 2 Comments »

Mortgage Market Forces Job Losses

Monday, November 5th, 2007

The nation's mortgage industry is being shaken by the increasing number of defaulting sub-prime mortgages. These types of mortgages are offered to consumers with below average credit ratings in a bid to help them get into a home. When they cannot afford mortgage payments, sub-prime borrowers are likely to default ...

Posted in Mortgages | No Comments »