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Article: The Philadelphia Inquirer On Personal Finance column: Real bubble in housing that's bursting? Subprime loans.(Column)
- Article from:
- The Philadelphia Inquirer (Philadelphia, PA)
- Article date:
- February 11, 2007
CopyrightCOPYRIGHT 2007 The Philadelphia Inquirer. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Jeff Brown
Feb. 11--If it looks like a bubble, smells like a bubble, and tastes like a bubble, it must be a bubble. Or is it? The smart money now says the U.S. housing market, overall, is not in a bubble. But at least one part of the market certainly looks pretty frothy -- the mushrooming "subprime" mortgage market, for borrowers who can't get standard loans. Now, that bubble seems to be bursting. On Wednesday, the huge mortgage firm HSBC Holdings P.L.C., a big player in the subprime market, said its bad debts exceeded $10.5 billion for 2006. On Thursday, shares of a number of mortgage lenders plunged as worry about mortgage defaults spread. ...
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Article: The Philadelphia Inquirer On Personal Finance ...
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March 4, 2007 ;
700+ words
... ... many people to get mortgages. And many homes bought with subprime loans may be put up for sale, either voluntarily or through ... to outlast the downturns. Copyright (c) 2007, The Philadelphia Inquirer Distributed by McClatchy-Tribune Business News. For ...
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