Friday, August 31, 2007

Mortgage Market Woes Explained -- A Brief Explanation of the "Loan to Own" Approach of Lenders

If you have any financial decisions to make, other than just how to spend the interest income from your inexhaustible trust fund, it's important to understand the cause and impact of the current mortgage crisis. In this video, John Vogel, from the Tuck School of Business at Dartmouth, gives a brief, easy to understand explanation of the "Loan to Own" theory that furthered the competitive mortgage lending frenzy.

I found it interesting and think you might too.

Video from Beet.TV

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