Subprime Mortgage Lending

Witnesses testified at a hearing on the banking industry and subprime mortgage lending practices. Among the topics addressed were the… read more

Witnesses testified at a hearing on the banking industry and subprime mortgage lending practices. Among the topics addressed were the numbers of foreclosures in recent years, credit solicitation by lenders, and the role of federal regulation of the mortgage industry. Several senators accused the Federal Reserve and its former chairman, Alan Greenspan, of a “pattern of neglect” that fostered a crisis in the mortgage industry that had put more than 2 million families at risk of losing their homes. They said the Federal Reserve had power to regulate risky lending practices but did not choose to use it even as exotic mortgages given to buyers with checkered credit had helped drive up housing prices across the country. They also urged banking executives to cut down on loans to borrowers who have little documentation to prove their income, and to more accurately evaluate how much debt people can afford. close

*The transcript for this program was compiled from uncorrected Closed Captioning.

People in this video

More People

Hosting Organization

More information about

Subprime Mortgage Lending

297 Views
Program ID:
197276-1
Category:
Senate Committee
Format:
Senate Committee
Location:
Washington, District of Columbia, United States
First Aired:
Mar 22, 2007
Last Aired:
Mar 26, 2007

Airing Details

  • Mar 22, 2007 | 10:02am EDT | C-SPAN 3
  • Mar 22, 2007 | 12:48pm EDT | C-SPAN 3
  • Mar 22, 2007 | 10:53pm EDT | C-SPAN 2
  • Mar 23, 2007 | 4:32am EDT | C-SPAN 2
  • Mar 26, 2007 | 1:57am EDT | C-SPAN 1
Purchase a DVD or Download

Subprime Mortgage Lending

  • DVD
    Length:
    03:05:25
    Price:
    $29.95
    Add to Cart
  • MP4 video - Standard
    Length:
    03:05:25
    Price:
    $6.99
    Add to Cart
  • MP4 video - Low
    Request Download
  • MP3 audio
    Length:
    03:05:25
    Price:
    $0.99
    Add to Cart

Clips from This Video