http://www.nakedcapitalism.com/2007/10/on-canard-that-subprimes-are-good-for.html Sun, 22 Nov 2009 15:18:28 -0500 http://wordpress.org/?v=2.8.4 hourly 1 http://www.nakedcapitalism.com/2007/10/on-canard-that-subprimes-are-good-for.html#comment-1235 Anonymous Thu, 25 Oct 2007 18:06:00 +0000 http://www.nakedcapitalism.com/2007/10/on-the-canard-that-subprimes-are-good-for-borrowers/#comment-1235 The Center for Responsible Lending has assembled some data indicating that subprime borrowing has reduced home ownership, not increased it. The overall uptick in percentage of families who own a home is occurring in spite of, not because of, subprime lending. Read the report here:<br/>http://www.responsiblelending.org/pdfs/Net-Drain-in-Home-Ownership.pdf The Center for Responsible Lending has assembled some data indicating that subprime borrowing has reduced home ownership, not increased it. The overall uptick in percentage of families who own a home is occurring in spite of, not because of, subprime lending. Read the report here:
http://www.responsiblelending.org/pdfs/Net-Drain-in-Home-Ownership.pdf

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