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Much has been written in recent months about as bad as the subprime problem looks at the moment, what with rising defaults, it will only get worse. That's because the...
I've been chided by readers of this blog for a posting I made late last week, using some statistics to make the case that subprime loans are a much...
In recent days, Wall Street executives have been out front assuring investors that the problems in the subprime market won't create a contagion that spreads to other markets. It's as...
BusinessWeek editors Chris Palmeri, Prashant Gopal and Peter Coy chronicle the highs and lows of the housing and mortgage markets on their Hot Property blog. In print and online, the Hot Property team first wrote about the potential downside of lenders pushing riskier, "option ARM" mortgages and the rise in mortgage fraud back in 2005—well ahead of many other media outlets. In 2008, Hot Property bloggers finished #1 in a ranking of the world's top 100 "most powerful property people" by the British real estate website Global edge. Hot Property was named among the 25 most influential real estate blogs of 2007 by Inman News.