The Truth About the Mortgage Market

The Truth About the Mortgage MarketBy Kevin Patrick, CEOFirst Coast TrustJacksonville, FL – Subprime mortgages have now been credited for bankrupting well over 135 lenders and seriously damaging operations at many major mortgage firms. They’ve reportedly wiped out 5 hedge funds, tens of thousands of jobs, and have led to millions of foreclosures with millions more on the way. And, as if that weren’t enough, subprime mortgages are also blamed…