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Builders' Loans Pushed Credit Meltdown

Peddling dubious mortgages to move properties helped burst bubble

By Heather McPherson, Newser User

Posted Aug 5, 2007 7:24 AM CDT

(Newser) – In the ongoing post-mortem of the housing boom, BusinessWeek turns an acute eye on developers, especially big, publicly traded builders who jumped into the mortgage business to move people into their newly built houses faster. As demand for new homes began to fizzle, they kept... Read full story »

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Builders' Loans Pushed Credit Meltdown

Peddling dubious mortgages to move properties helped burst bubble

Wall Street • real estate • housing market • subprime mortgages • mortgage • homebuilders

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More Newser Stories

Consumer Confidence, New Home Sales Slump

Grim economic indicators continue to stack up

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Ex-Banker: Yeah, Collapse Was Our Fault

So why haven't homeowners been bailed out?

Goldman Preps Counterattack on Senate Report

Subcommittee's numbers are wrong, firm says

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