January Housing Scorecard Released by HUD, Treasury

Friday, July 29th, 2011 Posted in Uncategorized | No Comments »

The Departments of Housing and Urban Development (HUD) and Treasury issued the administration's January Housing Scorecard on Monday.  The report is essentially a summary of data on housing and housing finance released by public and private sources over the previous month ...

What are Subprime Mortgages?

Wednesday, May 5th, 2010 Posted in Uncategorized | No Comments »

By Jin Zheng Subprime mortgages are loans given to individuals with bad credit. For the first couple of years, the interest rates will be low but after that, the interest rate gets raised to a higher percentage. Financial institutions began to ...