Mortgage & Loan: Subprime News Everywhere

You can't click on a news Web site or read a paper these days without hearing about the collapse in the subprime market. Though one could easily say that this media attention comes too little and too late, if nothing else, the failures of this current market cycle may--finally--provide some decent laws and better education to forestall another collapse the next time this happens. Or--dare I hope--prevent it from happening again.

CreditBloggers' Emily Davidson has a quick dissection and summation of subprime issues. Perfect if you need a quick reference or have to explain it to someone who doesn't understand.

Public Citizen's Consumer Law and Policy Blog has a discussion of new subprime loan guidance being discussed by the Fed and the banking industry. Said guidance deserves its own entry from me, but I figured I'd point you towards an excellent reference I use on a regular basis.

Speaking of the Fed, Ben Bernanke is again urging greater regulation of Fannie and Freddie. Isn't it odd that Bernanke should be so completely laissez-faire about the private market, but continues to get all up in arms about the GSEs?

And meanwhile, foreclosure filings continue to soar, especially in Massachusetts, reports the Boston Globe. Kimberly Blanton's been on the housing beat for some time now, and does good work. By the way, did you know Deval Patrick was apparently shilling to save Ameriquest to Robert Rubin? Talk about closing the barn door after the tornado hits...

Posted at March 6, 2007 10:07 PM

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You can't click on a news Web site or read a paper these days without hearing about the collapse in the subprime market. Though one could easily say that this media attention comes too little and too late, if nothing else, the failures of this current market cycle may--finally--provide some decent laws and better education to forestall another collapse the next time this happens. Or--dare I hope--prevent it from happening again. CreditBloggers' Emily Davidson has a quick dissection and summation of subprime issues. Perfect if you need a quick reference or have to explain it to someone who doesn't understand. Public Citizen's Consumer Law and Policy Blog has a discussion of new subprime loan guidance being discussed by the Fed and the banking industry. Said guidance deserves its own entry from me, but I figured I'd point you towards an excellent reference I use on a regular basis. Speaking of the Fed, Ben Bernanke is again urging greater regulation of Fannie and Freddie. Isn't it odd that Bernanke should be so completely laissez-faire about the private market, but continues to get all up in arms about the GSEs? And meanwhile, foreclosure filings continue to soar, especially in Massachusetts, reports the Boston Globe. Kimberly Blanton's been on the housing beat for some time now, and does good work. By the way, did you know Deval Patrick was apparently shilling to save Ameriquest to Robert Rubin? Talk about closing the barn door after the tornado hits...