As home values plummeted after the housing bubble burst in 2007, many borrowers with exotic types of loans were stuck, unable to refinance as lenders began to tighten their lending criteria. That set the stage for cascading mortgage defaults. (AP Photo/Rich Pedroncelli, File)

As home values plummeted after the housing bubble burst in 2007, many borrowers with exotic types of loans were stuck, unable to refinance as lenders began to tighten their lending criteria. That set the stage for cascading mortgage defaults. (AP Photo/Rich Pedroncelli, File)

Mortgages are safer but tougher to come by for homebuyers

As values plummeted after the 2007 housing bubble burst, many with exotic types of loans were stuck.

You must sign in or register to continue reading content.

More in Herald Business Journal

Federal shutdown delays start of airline service in Everett

Key FAA officials, who must give a final OK to Paine Field passenger flights, are on furlough.

Boeing revamps quality control: More high tech, fewer humans

The company has told Machinists it will eliminate thousands of quality checks as no longer necessary.

For legal cannabis growers, there’s little room for error

Four violations could shutter The Clone Zone, an Arlington cannabis firm that employs 30.

Brazilian leader at odds with Davos focus on environment

Some key Western leaders — President Donald Trump among them — skipped the summit.

Amazon Go attracts a host of cashierless imitators

A fleet of companies are working to replicate or invent other ways of streamlining store operations.

George Mason University students have a new dining option: Food delivered by robots

For a $1.99 per delivery, these robots can roll across campus in rain or snow.

Anonymous groups work to undermine proposals to regulate drug prices

It’s hard for people to understand if these groups have ties to industry.

Survey: CEO pessimism on economy spreads after upbeat 2018

The survey was released Monday on the eve of the World Economic Forum opening in Davos, Switzerland.

TSA screener sick-outs hit 10 percent over holiday weekend

The workers face missing another paycheck if the shutdown doesn’t end early this week.

Most Read