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Essay / Research Paper Abstract
This 5 page paper evaluates the sub-prime mortgage mess. The primary part of this paper consists of a literature review. Bibliography lists 7 sources.
Page Count:
5 pages (~225 words per page)
File: RT13_SA817sub.rtf
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Unformatted sample text from the term paper:
are fingers that have been pointed to at least one cause. Much of the financial fiasco in the U.S. economy is blamed on the subprime mortgage market. One may wonder
why this is such a significant problem when it only affects one market sector. Theoretically at least, subprime markets would work and render profit for companies because the interest rates
are so much higher than they are for the prime markets. In essence, banks take greater risk but they also mitigate that risk with the higher rates of interest. Of
course, the situation is much more complex than that. In delving into the problem, current literature can explain just what the subprime mortgage market is and what is being done
to alleviate the problems it has created in recent years. II. Review of the Literature In an article published in Lawyers USA, there
is attention to Bill HR 1852 which attempts to allow the FHA to back the refinanced mortgages that were provide to subprime borrowers ("U.S. House Passes subprime mortgage aid bill,"
2007). The bill would help the borrowers who had become delinquent in their mortgages ("U.S. House Passes subprime mortgage aid bill," 2007). The bill was passed and one argument for
its support went to the idea that the American Dream is hurt as many families face foreclosure ("U.S. House Passes subprime mortgage aid bill," 2007). Jane Bryant Quinn (2008) addresses
the problem in the context of another article by noting that the Federal Reserve really had the power to stop the dilemma so that leaders were taking advantage of people
and making a lot of money off of fees. Consumer organizations did try to stop the abuse (Quinn, 2008). Quinn (2008) takes a look at the other side and writes
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