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Foreclosures to Rise As 'Liar Loans' Sour

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The housing market - already awash in subprime foreclosures - is now getting hit with a second wave as homeowners with "liar loans" default in record numbers. (Aug. 18)

Channel: News & Politics
Uploaded: August 18, 2008 at 11:49 am
Author: AssociatedPress

Length: 0:01:35
Rating: 4.60
Views: 1,939

Tags: risky loans foreclosures rise 'liar loans' sour

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Video Comments:
idrobinhood (Wednesday 24th of September 2008 12:47:52 AM)
Federal reserve, cfr, congress, senate, president, bankers, election year, political donors. Don't be fooled the rich will make plenty off from the fire sale, that donate to your elected officials. The hearing nothing but a smoke, clock, and mirrors of what they will only really will.. Remember the WMD's of Iraq. We are all SOL..
elektrikcity (Sunday 7th of September 2008 02:12:47 PM)
Ppl who lie on their app should've been prosecuted, along with the loan officers and bank thugs who care about commissions and raises. Since both Fredd-n-Fann are now seized by the government, we will pay the brunt of the debt with our hard earned taxes $
happybluebanana (Monday 25th of August 2008 05:48:12 PM)
pie
1keke66 (Monday 25th of August 2008 05:47:50 PM)
wtf
GeminiAzules (Monday 18th of August 2008 02:03:32 PM)
Don't buy something if you cant afford it.

 

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