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NORTH AMERICAN & INTERNATIONAL ECONOMIC HIGHLIGHTS The subprime mortgage default swap market may be pricing in a darker picture than the one likely to emerge,
but that will not help the valuations of American financial institutions in the coming months. An
unprecedented drop in house prices and the resulting surge in negative equity ...
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The U.S. subprime mortgage meltdownWill it spread to Canada? Angela and Tim Sneary and a couple of their dogs stand in the driveway of their home in Thornton, Colo., on Feb. 21, 2007. Their financial problems have resulted in foreclosure on the house by their subprime mortgage lender. (AP Photo/Ed Andrieski) Would you like a mortgage that lends ...
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