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In a Spiraling Credit Crisis, Large Mortgages Grow Costly.
In a Spiraling Credit Crisis, Large Mortgages Grow Costly.
- Source :
-
New York Times . 8/12/2007, Vol. 156 Issue 54034, section 1 p1-21. 2p. 1 Graph. - Publication Year :
- 2007
-
Abstract
- The article focuses on one ramification of the crisis in the U.S. mortgage loan market. Jumbo mortgages, loans for sums greater than $417,000, are suddenly harder to acquire without paying dramatically higher interest rates. This affects persons of higher income who are good credit risks, and indicates that liquidity problems are affecting the entire housing market.
Details
- Language :
- English
- ISSN :
- 03624331
- Volume :
- 156
- Issue :
- 54034
- Database :
- Academic Search Index
- Journal :
- New York Times
- Publication Type :
- News
- Accession number :
- 26147492