A good friend of mine recently sent this article to me. He said that, although he works in the financial industry, he really didn’t understand what the credit market mess was all about until he read it. I think the writer does an excellent job of describing what happened to the credit market and why the mortgage industry is such a mess right now. Take 5 minutes to read it and you’ll have a much better understanding of it as well!
Here’s the article (You might have to click on "Skip This Ad" in the upper right corner to get to the article.)
Have a great week,