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February 10, 2009

Banking and Subprime Mortgage Crisis with Charlie Lyons

Charlie Lyons elaborates further on the opportunity available for investors to purchase defaulted home mortgages and the roots of the foreclosure crisis.

The housing crisis came as a result of the subprime mortgage meltdown and subsequent banking crisis.  FHA mortgage lenders have been trying to help homeowner recover with FHA loan programs like FHASecure and Hope for Homeowners, but they have not been able to slow the loan delinquencies and sliding home values.

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