While news services proclaim the foreclosure rate is falling drastically and there is no reason for the public to be concerned about the housing market- the New York Federal Reserve is warning investors that the subprime mortgage industry is heating up. House prices peaked in most markets last year and now there is a nationwide […]

Tags: federal reserve mortgage, predatory lending bank of america, predatory lending wells fargo, subprime mortgages, taxpayer guaranteed mbs
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