Subprime lending not main trigger of real estate bubble
Wednesday, July 30, 2008 - 15:56
in Mathematics & Economics
(PhysOrg.com) -- Critics often point to subprime mortgage lending - the funding of home loans to borrowers with less-than-perfect credit - as the culprit in the unsustainable boom in U.S. home prices that eventually derailed the real estate and mortgage markets.