This was in today’s W$J: Seeing growing turmoil in the market for risky home loans as an opportunity, Goldman Sachs Group Inc. is looking at pushing deeper into the business, ramping up its own subprime-lending operation and pondering the purchase of another. To me this is an indication that the subprime mortgage meltdown isn’t going [...]
I wrote Tuesday that the latest market-wide numbers on mortgage foreclosures and delinquencies showed them to be at lower levels than in 2002. But there is a crucial difference between now and then. In 2002, the foreclosures and delinquencies were the product of an economic downturn and this time around they might turn out to [...]
