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Article: Tyson Subprime mortgages and the economy
- Article from:
- Intelligencer Journal Lancaster, PA
- Article date:
- December 19, 2007
CopyrightCopyright 2007 Intelligencer Journal Lancaster, PA. Provided by ProQuest LLC. (Hide copyright information)
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Q I am terrified to invest in stocks because of all the concern
about subprime mortgages and the fallout from those risky loans that
are now going bad. Homeowners seem to be in trouble; the banking,
housing and mortgage company stocks have plunged due to all the
losses; and now there's concern about all of this spilling over into
the rest of the economy. What do you say? A My analysis suggests
that the concerns about subprime mortgages (those mortgages made to
borrowers with relatively low credit scores) are overblown. (I will
say, though, that it's sad when a homeowner who wants to keep his or
her home is overextended and loses the home because he or she can't
make mortgage payments.) When ...