Mortgage Market Meltdown Facing Government Regulation
Thursday, August 2, 2007
If you look at the 30 day trend at housing watch, MLS listing prices are down in all but 2 of the featured markets.
The ugliness is likely to only get worse as this meltdown spreads to other markets and the government starts getting more aggressive with market regulation. Rep. Brad Miller talked about how bankruptcy laws are robbing American home owners of their houses
Clip Syndicate also featured a great video with Andrew Busch of BMO Capital, discussing foreclosures and the pending meltdown of the subprime mortgage market, how it is effecting other markets, and how he is seeing increased attention from the Illinios government.