As the latest attempt to explain the subprime crisis, this bestseller is useful as a factual compendium, but little more. It illustrates a common pitfall in many journalists’ accounts of financial crises. Anecdotes about important players belong in crisis history. But readers seeking to understand such crises want to know why events happened together, in a particular sequence and with particular consequences.
Unraveling the mortgage mess
Most Popular Articles
Latest Articles
Fannie Mae adds web-based income calculator for mortgage originators
The new option is designed to better serve borrowers with nontraditional sources of income, including self-employed workers.