Subprime Mortgages

KPBS | By KPBS Public Broadcasting

Published March 30, 2007 at 8:30 PM PDT

This story was published more than 17 years ago.

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Whats all the fuss over subprime mortgages? On Fridays Full Focus, well talk about the fallout of rising mortgage defaults that have resulted from the subprime surge. And well do a roundup of

During the housing boom, people with checkered credit were given what's called subprime loans. People paid lower, fixed rates initially, then the rates ballooned to surpass what people could afford to pay. The result is a surge in mortgage defaults and foreclosures. We'll talk with Dean Calbreath who covers business and the economy for the San Diego Union-Tribune about the local impact of the subprime mortgage fallout.

Guest

Dean Calbreath , reporter and columnist for the San Diego Union-Tribune.

Subprime Mortgages

Whats all the fuss over subprime mortgages? On Fridays Full Focus, well talk about the fallout of rising mortgage defaults that have resulted from the subprime surge. And well do a roundup of

Whats all the fuss over subprime mortgages? On Fridays Full Focus, well talk about the fallout of rising mortgage defaults that have resulted from the subprime surge. And well do a roundup of