The Mortgage Banking Meltdown
www. financeforcongress. com A visual demonstration of the changes in mortgage banking that led to the current financial crisis. To learn more, watch our other video, “Understanding the Financial Crisis,” and visit http
This entry was posted by admin on July 19, 2010 at 1:49 pm, and is filed under Loans and Mortgages. Follow any responses to this post through RSS 2.0.You can leave a response or trackback from your own site.
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#2 written by millergt 1 year ago
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#3 written by EnspireLearning 1 year ago
This is very true. This is part of a series of videos exploring some of the causes behind the crisis. In no way were we intending to point out one guilty party, as the situation seemed to be a perfect storm of several different issues occurring at the same time.
We hope to do another video that will further delve into some of the other pieces of the puzzle.
Thanks for expressing a level-headed comment on the subject! That seems to be a rare thing to find on the net these days.
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#4 written by DeadCatX2 1 year ago
Actually CRA loans are still considered profitable; see the House hearing with law professor Michael S. Barr, a Treasury Department official under President Clinton. Additionally, the brokers mentioned in the movie above are exempt from CRA. Had CRA applied to them, they wouldn’t have been able to sell shoddy mortgages.
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