Lenders weren’t prepared for home-price declines

Part 2 of 5: Upheaval in the subprime market
Published on May 29, 2007

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(This is Part 2 of a five-part series. See Part 1, Part 3, Part 4 and Part 5.) In the first article in this series, I pointed to the ending of house-price appreciation as the immediate cause of turmoil in the ...