Tag Archives: freddie mac

America’s Subprime Crisis – Timeline

americas-subprime-crisis.jpg

Here is the experts from the CNN Subprime crisis: A timeline ; mortgages crisiswhich began to surface less than 2 years ago.

  • Feb. 7, 2007HSBC announces anticipated losses from rising defaults of subprime mortgages in the United States.
  • April 2, 2007 – New Century Financial files for bankruptcy.