Goldwater Bank; Scottsdale, Arizona (AZ) 12/02/09 2.99% 3 years GMAC Banknow 11/06/08 5.15% 5-years Golden Bay Federal Credit Union7/25/07 4.54% 5 Years Harris Financial Corp. Herigage Bank NA 10/04/10 2.10% 5-yr CD HSBC Bank9/9/09 ...
Phoenix,AZ-22.5% 2009-8-2613 2 •ThevalueofU.S.subprimemortgageswasestimatedat $1.3trillionasofMarch2007 –Howsevereissubprimemess?-Realestate-MSNBC(2008). •Over7.5millionsubprimemortgagesoutstanding. –FRB:Speech,Bernanke--TheSubprimeMortgageMarket--May17,2007 •Approximately16%ofsubprimeloanswith...