American Mortgage System Review, Panel 1
Witnesses testified about the current state of the U.S. mortgage system. Among the topics addressed in this three panel …
Predatory Lending
2011-02-24T16:00:30-05:00https://ximage.c-spanvideo.org/eyJidWNrZXQiOiJwaWN0dXJlcy5jLXNwYW52aWRlby5vcmciLCJrZXkiOiJkZWZhdWx0c1wvQ2FwaXRvbF9kZWZhdWx0LWltYWdlLmpwZyIsImVkaXRzIjp7InJlc2l6ZSI6eyJmaXQiOiJjb3ZlciIsImhlaWdodCI6NTA2fX19Committee on Oversight and Government Reform - Predatory Lending - Subcommittee on Domestic Policy. The Domestic Policy Subcommittee held a hearing on predatory mortgages, payday loans, and foreclosures that plague inner-city America. This was be the first in a series of hearings Subcommittee Chairman Kucinich plans to hold looking at various issues afflicting urban America. The riskiest segment of the U.S. mortgage market, which serves borrowers with poor credit histories at high interest rates, has seen rising default rates in recent months amid falling prices and slower sales in the housing market. On Tuesday, March 13, the Dow Jones Industrial Average dropped 242.66 points, its second largest single day decline in four years, because of the subprime mortgage market. The Mortgage Bankers Association reported new foreclosures surged to an all-time high in the last quarter of 2006. Video provided by the U.S. House of Representatives. Uploaded by Public.Resource.Org from House.Resource
Committee on Oversight and Government Reform - Predatory Lending - Subcommittee on Domestic Policy. The Domestic Policy Subcommittee held a … read more
Committee on Oversight and Government Reform - Predatory Lending - Subcommittee on Domestic Policy. The Domestic Policy Subcommittee held a hearing on predatory mortgages, payday loans, and foreclosures that plague inner-city America. This was be the first in a series of hearings Subcommittee Chairman Kucinich plans to hold looking at various issues afflicting urban America. The riskiest segment of the U.S. mortgage market, which serves borrowers with poor credit histories at high interest rates, has seen rising default rates in recent months amid falling prices and slower sales in the housing market. On Tuesday, March 13, the Dow Jones Industrial Average dropped 242.66 points, its second largest single day decline in four years, because of the subprime mortgage market. The Mortgage Bankers Association reported new foreclosures surged to an all-time high in the last quarter of 2006. Video provided by the U.S. House of Representatives. Uploaded by Public.Resource.Org from House.Resource close
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This video was obtained from the Congress and may be encoded at a different quality than C-SPAN uses for hearings covered with its own cameras. Also, the video might not start at the beginning of the hearing and much of the data normally added to the C‑SPAN.org for committee hearings may not be available.
This video was obtained from the Congress and may be encoded at a different quality than C-SPAN uses for hearings covered with its own cameras. Also, the video might not start at the beginning of the hearing and much of the data normally added to the C‑SPAN.org for committee hearings may not be available.
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American Mortgage System Review, Panel 1, continued
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