Surviving foreclosure: A year in review

Surviving foreclosure: A year in review

 

news-press.com • July 12, 2009
 

2008

July 15: The Fed adopts a plan to curb shady mortgage practices. Lax lending standards during the heady days of the housing boom ended up burning the riskiest “sub-prime” borrowers—people with tarnished credit or low incomes—because they got loans they couldn’t afford or didn’t understand.