by Tanta on 10/26/2007 06:00:00 PM
Friday, October 26, 2007
JEC On Subprime Crisis
The Joint Economic Committee report discussed in the Times yesterday, "The Subprime Lending Crisis: The Economic Impact on Wealth, Property Values and Tax Revenues," is now available online.
There's lots in here to discuss, but I just noticed one little snippet while I was skimming that answers a question I had a while back. In 2006, 29% of all mortgage loans were originated through mortgage brokers, but 63% of all subprime mortgages were originated through brokers (page 17).
Otherwise, enjoy the graphs, charts, and maps.