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10-16-2007, 09:41 AM	#1 (permalink)
Repair Bad Credit Elite Member Join Date: Aug 2006 Posts: 1,725 Casino Cash: $300000	Sub-Prime Mortgage Securities Explained **** Foreclosures continue to soar as defaults on mortgages, mostly sub-prime, increase.The best explanation I have read of how the sub-prime mortgage market, and the securities it supports, is unraveling, is in Fortune magazine linked above.Just because people have or manage a lot of money, does not mean they are smart.Undocumented loans, meaning no income [...] More...

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