Relevant:
- How did a Relatively Small Number of Subprime Loans Cause a Record Crisis?
- Canada's Subprime Crisis Seen With U.S.-Styled Loans: Mortgages
- Option ARMs See Rising Defaults
- Payment Shock Concerns Grow as Billions in Interest Only Loans Face Recast Date
- regulator: reverse mortgages similar to subprime loans
2011-04-19 — examiner.com
"I've recently had several first-time homebuyer FHA loans come across my desk and I'm a bit unsettled by what I'm looking at. There really is no difference between the highly destructive subprime mortgages of the 2004-2007 period and today's FHA mortgages. I fully expect these loans to blow up in 2012-2014 almost as spectacularly as the subprime loans did starting in 2007."
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