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

banking MELTDOWN Mortgage

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.

Comments (11)
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#1 written by wllmyrs 1 year ago

First!!1!!11

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#2 written by millergt 1 year ago

I think it is important to realize that there is rarely a single identifiable cause of problems of this size, while predatory lending was a major cause, so was the CRA (not all Clinton’s fault either)… there were plenty of other factors that contributed to the problem as well.

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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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#5 written by DrewDownsManagement 1 year ago

Very informative video. I took some notes on the video and how it was done. I gave it 5 stars. Check out our vids and tell me what you think? We have some good stuff also.

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#6 written by mannyfeseha 1 year ago

thehelpfund.blogspot

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#7 written by Elephant1960 1 year ago

That’s definitely one of the most informative videos I’ve seen about this subject. Thanks for posting it.

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#8 written by EnspireLearning 1 year ago

Glad you enjoyed it. Granted, it’s simplified, but we’re glad it has started discussion, especially in our first video you can see in the link provided. Thanks for watching!

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#9 written by kingofboggle77 1 year ago

Nice work! Thanks

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#10 written by SaviorOfLogic 1 year ago

You forget the governments involvement.

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#11 written by lwnamr 1 year ago

waw these clips are so well made..congrats!

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