http://www.thefinancialstudent.com/2010/05/13/reflections-on-the-mortgage-crisis/ Finance for Young People Fri, 16 Dec 2011 13:55:01 +0000 hourly 1 http://wordpress.org/?v=3.2.1 http://www.thefinancialstudent.com/2010/05/13/reflections-on-the-mortgage-crisis/comment-page-1/#comment-1839 Running A Successful Personal Finance Blog: Is There A Glass Ceiling? Thu, 27 May 2010 02:22:54 +0000 http://www.thefinancialstudent.com/?p=2032#comment-1839 [...] The Financial Student: Reflections on the Mortgage Crisis [...] [...] The Financial Student: Reflections on the Mortgage Crisis [...]

]]> http://www.thefinancialstudent.com/2010/05/13/reflections-on-the-mortgage-crisis/comment-page-1/#comment-1581 DIY Investor Sat, 15 May 2010 18:55:55 +0000 http://www.thefinancialstudent.com/?p=2032#comment-1581 The bubble was created by the Federal Reserve lowering short-term rates to 1%. This is why the IOs, teaser rate mortgages, and no-doc loan were created. This was the reason housing prices skyrocketed. The Federal Reserve followed this unprecedented lowering of rates with a sharp increase which destroyed the value of houses as it became clear that those who had been suckered in couldn't afford their mortgage. The bubble was created by the Federal Reserve lowering short-term rates to 1%. This is why the IOs, teaser rate mortgages, and no-doc loan were created. This was the reason housing prices skyrocketed. The Federal Reserve followed this unprecedented lowering of rates with a sharp increase which destroyed the value of houses as it became clear that those who had been suckered in couldn’t afford their mortgage.

]]> http://www.thefinancialstudent.com/2010/05/13/reflections-on-the-mortgage-crisis/comment-page-1/#comment-1526 Alex Monroe Fri, 14 May 2010 02:28:51 +0000 http://www.thefinancialstudent.com/?p=2032#comment-1526 I have many great memories of the 2000s. Many people did make mistakes and it wasn't just individuals, it was everyone working together. Hopefully people can learn from their mistakes and think more about the future and not just today. I have many great memories of the 2000s. Many people did make mistakes and it wasn’t just individuals, it was everyone working together. Hopefully people can learn from their mistakes and think more about the future and not just today.

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