John in Toronto Real Estate News
In a previous post, I discussed the subprime meltdown that is impacting the US real estate market. The following CNBC video (via CondoDomain) shows us how Wall Street bundles all of these individual subprime mortgages together to create something called a "mortgage derivative" which is then sold on the open market to investors.
John is a sales associate at Prudential Properties Plus in Toronto and a founder of Realosophy. Email John