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Real Estate & Property Law

: Housing Wire

Role of Subprime in Housing Boom Exaggerated: St. Louis Fed

By KELLY CURRAN

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The role subprime lending played in the creation of the nation’s housing boom has most likely been overstated, according to a recent analysis released this week from the Federal Reserve Bank of St. Louis. In fact, between 2001 and 2006, the number of terminated subprime purchase-money loans — those used to purchase rather than refinance [...]

Full post as published by Housing Wire on March 06, 2009 (boomark / email).

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