"What a great site! I'm impressed by the great stuff you've pulled together. It merely confirms my long-held belief that economics CAN be interesting....
All the best"-
Charlie Wheelan,
aka The Naked Economist
This is the article that I referred to in class today. Fed Challenge kids will need to read it carefully.
1 comment:
Anonymous
said...
What I can understand from this article is that due to the slow down in the housing market now the mortgage market is suffering. The high profitability in the housing market made loaners believe that they could profit exponentially, but because of the markets recession the banks that loaned out the money are hurting. Things will only get worse before they get better, so we can expect to see a slight draw back in the mortgage market and the willingness of banks to give out loans.
1 comment:
What I can understand from this article is that due to the slow down in the housing market now the mortgage market is suffering. The high profitability in the housing market made loaners believe that they could profit exponentially, but because of the markets recession the banks that loaned out the money are hurting. Things will only get worse before they get better, so we can expect to see a slight draw back in the mortgage market and the willingness of banks to give out loans.
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