Monday, Apr 02, 2007
US house price and subprime problem feed through to unemployment numbers
Reuters: Housing's impact on jobs seen spreading
US house price and subprime problem feed through to unemployment numbers. So much for the subprime problem being contained.
Posted by royston @ 12:06 PM (134 views) Add Comment
1 Comment
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1. lvmreader said...
@royston,
You are correct in a couple of your recent posts, that this has never been limited to "sub-prime", nor will the fact that people earning $100,000+ still leveraged themselves out to Pluto.
All the mortgages are jumbo - no matter what the alleged "Credit Rating" of the customer.