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2002: Rise in Questionable Mortgage Lending Practices

Discussion in 'General Investing Discussion' started by Simon Hampel, 29th Oct, 2008.

  1. Simon Hampel

    Simon Hampel Co-founder Staff Member

    9th Jun, 2005
    Sydney, Australia
    I was reading through various journal articles and discussion papers on financial literacy for a uni assignment I have due next week and came across this interesting discussion by some Americans on the rise in questionable mortgage lending practices.

    Braunstein S., & Welch C. 2002, ‘Financial Literacy: An Overview of Practice, Research, and Policy’, Federal Reserve Bulletin, Vol. 88 Issue 11, p.445 - 457

    ... just found it interesting that the "sub-prime" problem probably had its roots back in the late 90's ... not necessarily a recent phenomenon (although the more recent collapse of the housing markets and subsequent devaluation of securitised mortgages is obviously what lead to the current problems).