Lewis Ranieri: Mortgage Problems Worse

Posted: April 29, 2008 at 4:41 am

Lewis Ranieri, one of the people who started the financial systems for the current mortgage market, believes that they system is worse off than most people know.

According to Reuters, "I think the actual price declines are bigger than the indexes are showing, since so little is being sold."

Douglas A. McIntyre

Read more: Housing
    		•