MORE than half of subprime mortgages
in Ireland are in arrears by more than 90 days, official figures have revealed.
The problems with subprime mortgages
are well-known, with many defaults and repercussions for businesses and investors alike.
have been getting a lot of attention in the United States since 2000, when the number of subprime loans being originated and refinanced shot up rapidly.
LOUIS, March 5 /PRNewswire/ -- Proponents of subprime mortgages
argued that this type of financing could encourage homeownership for people who otherwise couldn't afford to buy a house, but a recent analysis from the Federal Reserve Bank of St.
The termination rates of subprime mortgages
that originated each year from 2001 through 2006 are surprisingly similar: about 20, 50, and 80 percent, respectively, at one, two, and three years after origination.
In hindsight, the risks of subprime mortgages
As Gramlich explained in his fourth chapter, the social benefits of home ownership are significant; and the evolution of subprime mortgages
received broad support in Congress and was generally well received in policy circles.
Surveys of in-house counsel published by the American Bar Association predict large increases in litigation involving subprime mortgages
The report, titled "Home Ownership, Subprime Loans and Poverty," found that in eight of the country's 15 poorest counties, which have poverty rates exceeding 40 percent, the percentage of homeowners holding subprime mortgages
is even higher--up to 60 percent.
That's what happened on one important issue in this year's experimental annual session: Legislators adjourned Friday without giving stronger protection to people who finance their homes with subprime mortgages
The expanding subprime-linked losses stem from the slumping housing market, which in turn boosted delayed repayments of subprime mortgages
, thereby a steep fall in value of financial products that have incorporated subprime mortgages
are loans given to customers with poor credit.