Center for American Progress

Mortgage Market Troubles May Be Knocking On Your Door

Mortgage Market Troubles May Be Knocking On Your Door

Middle- and upper-income families who borrowed against the equity in their homes may be the next housing market victims, warns Christian E. Weller.

The subprime mortgage crisis has so far been nothing more than a boogeyman in your friend Joey’s closet–an easy worry to forget. Yet this easily forgotten scare is now coming back to haunt the white-collar workers and upper-income real estate investors who have, so far, escaped the housing market slowdown unscathed.

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Christian E. Weller

Senior Fellow