Panel members discuss the future of subprime mortgages using Edward Gramlich’s book “Subprime Mortgages: America’s Latest Boom and Bust” as the point of conversation. Panelists debate the pitfalls of subprime lending, as well as possible solutions to problems such as increased foreclosure rates and the use of variable rates on loans instead of fixed annual percentage rates. Panelists include Edward Gramlich, Robert Reischauer, Craig Torres, Kurt Pfotenhauer, Michael Calhoun and Sandra Brauntein.
Duration : 0:10:19