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altyfc
Joined: 29 Dec 2004
Posts: 1232
Location: Aardvarkland
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 Posted: Wed Jul 11, 2007 9:21 am Post subject: Sub-prime mortgages |
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From the BBC...
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Sub-prime mortgages are set to grow faster than mainstream mortgages, independent market analyst Datamonitor has said.
The group said that by 2011, the marketplace would reach £31.5bn, compared with £24.6bn in 2006.
Sub-prime mortgages are those sold to people with poor credit histories and thus a greater chance of defaulting. |
Sounds ominous... 
Isn't it irresponsible to loan these people money?
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Money-Helper
Joined: 02 Aug 2007
Posts: 76
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| Posted: Tue Aug 07, 2007 4:13 pm Post subject: |
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| It's a huge problem here in America and to see it is being shipped overseas is just an ominous sign of things to come. |
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altyfc
Joined: 29 Dec 2004
Posts: 1232
Location: Aardvarkland
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| Posted: Wed Aug 08, 2007 8:47 am Post subject: |
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And yet house prices continue to soar, and the predictions I was reading yesterday say this will continue unabated due to a shortage of homes. Personally, I just don't see that happening.
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Money-Helper
Joined: 02 Aug 2007
Posts: 76
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| Posted: Thu Oct 04, 2007 2:24 pm Post subject: |
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| Well now we are seeing this take it's tool on the markets in general with the Fed stepping in to infuse the economy with radically low ineterest rates and billions upon billions of dollars made available to lenders. |
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altyfc
Joined: 29 Dec 2004
Posts: 1232
Location: Aardvarkland
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Money-Helper
Joined: 02 Aug 2007
Posts: 76
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| Posted: Wed Oct 10, 2007 12:50 pm Post subject: |
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| Anyone get the feeling the house of cards is about to collapse? |
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