Another Leader Targeting High-Risk Mortgages

Date April 29, 2007

The Federal Housing Commissioner Brian Montgomery is joining others in clamping down on high-risk mortgages.
"Many first time and minority homebuyers face significant challenges when trying to purchase a home," he said. "In recent years, such difficulties have resulted in many of these individuals assuming risky, adjustable-rate, subprime loans. The impact on minorities is particularly [...]

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Subprime Mortgages Draining Homeownership Rate

Date April 29, 2007

Subprime mortgage lending is turning out to be a drain on the rate of home ownership, according to a study by the Center for Responsible Lending.
The study shows that while the subprime market produced more than $2 trillion in home loans over the past nine years, these loans have led (or will lead) to [...]

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