What the hell is this? My kindergarten drawing of what happened to the mortgage industry and why so many homes are in foreclosure or heading there.
The black dots represent the relative amount of people who have/need a mortgage.
The gray circle represents the size of the pool of available mortgage programs prior to ~August 2007, i.e. [...]
Market bubbles and depressions tend to be more social phenomenon than rooted in fact.
Credit Crunch, Mortgage Meltdown, Sub-Prime Crisis, Alt-A Debacle, Housing Doom, Bursting Bubbles…the cliches are as creative as the financing options that used to permeate the marketplace. But what are the real numbers behind such doomsday hyperbole?
They’re not quite as sexy nor [...]