Homeowners Are Affected by Subprime Lending Crisis

Today recession’s hardest hit industry is real estate, especially the housing market. Homeowners are forced to take foreclosure route or take bad loan options offered by particularly non-traditional lenders. How The Sub-Prime Lending Crisis Affects Borrowers, a knol by Cole Collins describe a not-so-pretty picture of vicious cycle of lenders, borrowers, and the national economy [...]