As rates feel upward pressure, fraud and misrepresentation are also on the rise
A sudden interest-rate hike in Q4 caused profits to plummet
A little more than six years ago, renowned American hedge fund manager John Paulson was so convinced that subprime mortgage-backed securities would go belly-up that he took very short positions against them.
The early years of the 21st century were a boon for small mortgage lenders in the United States, at least until 2007.
While an abundance of publications and analysts have been quick to note the recent gain in housing prices, there’s been somewhat less attention devoted to particularly why housing prices climbed so markedly in 2012.