Why the Next Mortgage Crisis Is Inevitable

Making sure that people learn from the mistakes that they and others have made is the best way to avoid seeing problems repeat in the future. Unfortunately, despite the trillions of dollars that the U.S. spent in dealing with the aftermath of the mortgage meltdown, it appears increasingly likely that those who fell prey to the traps that brought on the housing-market crash and eventually the financial crisis aren't any better prepared to avoid those traps in the future.

You vs. your lender
At the risk of oversimplifying the cause of the housing boom and subsequent bust, what happened during the decade of the 2000s essentially boils down to a simple sequence of events. The wealth effect from big gains in the 1990s helped drive home prices up substantially during that decade, leaving homes less affordable for those who were trying to buy. In response, banks came up with increasingly innovative yet dangerous mortgage products to help more potential homebuyers qualify for loans and purchase homes, thereby boosting demand even more. As low-down-payment loans gave way to no-down-payment loans and standard 30-year amortized mortgages yields gave way first to interest-only loans and then to negative-amortization mortgages, banks and borrowers both pushed the envelope to the breaking point. When interest rates stopped cooperating and speculative activity in the housing market reached a critical point, the bottom fell out of the market, first in the low-quality subprime arena and then spreading to higher-quality borrowers as well.

Source: Wikimedia Commons.

In the aftermath, we've seen exactly what lengths banks went to in order to get borrowers into homes. Legal battles over issues like the robo-signing scandal have led to settlements of billions of dollars against Bank of America (NYSE: BAC  ) , Wells Fargo (NYSE: WFC  ) , JPMorgan Chase (NYSE: JPM  ) , and a host of other major mortgage lenders who bent the rules both before and after the housing bubble burst. The near-failure of Fannie Mae and Freddie Mac show the extent to which big banks set up transaction-oriented business models that valued loan volume over loan quality. Moreover, Bank of America's recent settlement with mortgage-insurance company MBIA (NYSE: MBI  ) in part validates allegations of banks' misrepresenting compliance with mortgage-loan standards, albeit without formally admitting responsibility.

New regulations have focused on protecting mortgage borrowers from predatory practices. But all the regulation in the world won't protect people who haven't taken steps to learn the rules on their own, and thus far, prospective homeowners are failing miserably.

What people don't know
To get a sense of just how little homeowners have learned from the mortgage crisis, take a look at these survey results from Zillow:

  • More than a quarter of all homebuyers mistakenly believe that once they're preapproved for a mortgage loan at a particular bank, they have to use that bank for their mortgage.
  • Nearly as many think that they don't need to shop around for lower mortgage rates because their existing bank will always give them the best rates available.
  • A third of buyers erroneously think that federal law protects them by setting fixed guidelines for fees that banks can impose for closing costs, such as appraisals, credit reports, and other mortgage-related charges.
  • A third of buyers don't even know what a mortgage's APR is, let alone why it's important in being able to compare mortgages from different lenders.

With banks working so hard to restore their pre-crisis profits, prospective homebuyers who don't have even this basic knowledge stand little chance of fending off aggressive mortgage-loan salespeople whose compensation is directly tied to the volume of mortgages they're able to process.

The next threat
What will cause the next mortgage crisis is far from certain at this point. Interest rate rises will affect some people, although low fixed rates have gotten most homeowners away from the adjustable-rate mortgages that caused so much trouble during the 2000s. What's more likely is a renewed uptick in home prices, again challenging affordability and again forcing people to stretch to buy homes.

Whatever the situation, though, it's crucial that people understand what they're getting into before they take on the biggest financial commitment in their lives. Otherwise, it'll just be a matter of time before the next big mortgage crisis comes about.

In part from rebounding mortgage revenue, Bank of America's stock doubled in 2012. Are there more gains yet to come? With significant challenges still ahead, it's critical to have a solid understanding of this megabank before adding it to your portfolio. In The Motley Fool's premium research report on B of A, analysts Anand Chokkavelu, CFA, and Matt Koppenheffer, Financials bureau chief, lift the veil on the bank's operations, including detailing three reasons to buy and three reasons to sell. Click here now to claim your copy.

Read/Post Comments (27) | Recommend This Article (11)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

  • Report this Comment On May 18, 2013, at 9:40 AM, bobthegoodone wrote:

    Why the Next Mortgage Crisis Is Inevitable , lets see I recently turned in a mortgage company for a number of practices that should never be used and the Government told me to mind my own business

  • Report this Comment On May 18, 2013, at 10:08 AM, JohnDorman wrote:

    Talk about oversimplification. You're right! What about the elephant in the room, the Wall Street Casino games that drove it all. The Mortgage/Derivative scam/fraud. The re rating of mortgages. The removal of financial regulations that allowed it to happen. The fight to keep Wall Street effectively deregulated is the real reason it will happen again, which is the point. The political collusion in the biggest fraud scam in history. And, once again, you are all blaming the average Joe home buyer, which is the tactics of the Republicans. Talk about abusive comments, this whole article is an abusive comment. The lie just keeps coming!

  • Report this Comment On May 18, 2013, at 10:37 AM, caldiver510 wrote:

    this real estate market is vastly different from the mortgage backed securities disaster in 2008.

    over 1/3 of all sales are cash.

    you really have to qualify for a loan

    down payments are required for most all loans.

    you have to have enough income to make the payments. no more liar loans.

    so this boom is self limiting, when borrowers cannot qualify for a loan the prices will stop growing.

  • Report this Comment On May 18, 2013, at 10:45 AM, ajlondon wrote:

    The ultimate problem is homes should cost around $30,000 - $50,000.

    When people are making $8 - $12, thats what they can afford.

    And well over half of the country only makes that much.

    So how are all these $100 - 300K homes selling?

  • Report this Comment On May 18, 2013, at 10:56 AM, nathan0999 wrote:

    I don't think another factor was added and that is Obamacare. Many people are having a full time job now and able to get by with a home mortgage. But when Obamacare takes effect, many employers will simply change them into part time jobs and that will take a major chunk out of their paycheck. For those who are still in full time job and in the middle class, they will have to contribute more into Obamacare in order for the system to pay for someone else's healthcare in the form of Medicaid. How do you think the state of Colorado was able to sign an additional 100,000 people into Medicaid and brag about it? Who do you think will pay for it? It's not like Medicaid system is not existing, everything is still the same but the politicians just lure them in, just to gain more votes and to beat the other party. It's just like immigration. We do have an immigration process and we are legalizing about 1 million people each year. What's the point legalizing 12 million illegals and that number would sponsor their illegal moms & pops and 6 siblings over. They all would be entitled to SSI and food stamps and Obamacare even though they haven't worked a day in this country and haven't contributed a dime into the system. By the way, how do they know that number would be 12 million? What if 15 million? 20 million? Can they produce a US Census to show the exact number? We all are going bankrupt in every way, not just the housing market. We need to kick out all Democrats and the gang of 8 by midterm election, rendring Obama useless for the rest of his term. Then with a new GOP president, repeal Obamacare and ENFORCE immigration law, no need to reform it.

  • Report this Comment On May 18, 2013, at 11:06 AM, hismrsfinnegan wrote:


  • Report this Comment On May 18, 2013, at 11:16 AM, mr091468 wrote:


    Welcome to the hell that used to be FREE AMERICA. The pigs in DC better known as DC whores don't represent you. It's over. Buy a different house and don't go through hud.

  • Report this Comment On May 18, 2013, at 12:32 PM, jasjfarrell wrote:

    In most cases the seller of the property does the required HUD repairs. If your mortgage approval has a repair requirement, tell the seller you can't fulfill the mortgage conditions and can't get approved. The transaction should be cancelled and your deposit refunded.

  • Report this Comment On May 18, 2013, at 12:34 PM, tr1bes wrote:

    nathan0999, if you think Obamacare is bad, then tell me why I am paying $5000+ to the hospital to have a baby with insurance. I work full time too and it's killing me financially. Can I complain about it or do I have to deal with it? My company pay very little on insurance to help them gain a whopping $3 Billion a year. Do they care? I remember they cut our raise and in front of the gate, they gave us a piece of chocolate for a job well done. Do you think it's fair? Nothing is fair in either parties. Just pay your tax and if you don't like it, then move to another country. If I retire, I would live here half a year and live in another country half a year. Presently, US still have jobs and opportunities where other countries might not have that luxury.

  • Report this Comment On May 18, 2013, at 12:58 PM, HERCULEEZ wrote:

    Sorry to have to say, but this article is rife with lies, distortions and untruths.

    The mortgage/housing crisis had NOTHING to do with supposed loans made to home buyers. Those who were effected, which was just about everyone, was subjected to a BANKING SCAM where they accepted a adjustable rate mortgage at 4, 5, and 6 percent rates, which was absolutely payable by the home owner. The bank raised the mortgage rates from the initial low rates of 4 - 6 percent to as high as 24 PERCENT OVERNIGHT. Home owners, in some cases, went from paying 1500.00 per month mortgage to 6000.00 per month, which was a IMPOSSIBILITY. This reulted in them defaulting on the loans due to inability to pay, WHICH WAS THE BANKERS GOAL ALL ALONG.

    The homes were foreclosed on, then resold again by the banks allowing them to make money using this same scheme over and over again. Add to this the Wall Street aspect of this scam of selling these home mortgages as AAA safe to European nations and even bundling student loans and other shady investments into the bundles and selling them, only for the buyers (Europeans/Asians) to end up with worthless notes as the housing/student loan/real estate investments FAILED/RASHED/COLLAPSED.

    Everyone needs to watch the documentary called INSIDE JOB to get the REAL TRUTH/FACTS about what happened in this regard. It is really shameful the LIE of the real estate crash being blamed on home owners continues.

  • Report this Comment On May 18, 2013, at 1:11 PM, capt2626 wrote:

    I'm in a position to know but not in a position to expose the truth in my official capacity, but someone needs to research the difference between the fair market value of foreclosures and the price they are sold to new buyers. I've seen as high as a 30% increase between those numbers and anyone closing at the high number is that much underwater right up front. If the property was worth the higher number the first appraiser would have found it. The people involved who may be in trouble the most are the appraisers who are valuing at the higher value number. FANNIE has a program called the Home Path Mortgage plan that in some cases requires no appraisal. Makes you wonder why. Last quarter FANNIE had the highest profit quarter they have ever had since it started. I've been in Real Estate for 35 years and people ask my opinion about buying a home today and I always recommend two things without fail, even if your lender requires an appraisal and especially if they don't, hire your own independent appraiser in addition to the lenders appraiser, don't use the same one, pay for it out of your pocket and include a special stipulation in the contract that states the sale is contingent on receiving an acceptable report from your appraiser. It could save you from a $30 to $50,000 mistake. Remember, The lender's appraiser is not there to protect you but to protect the lender and the appraiser is not a home inspector.

    The second thing I always recommend is to hire a Home Inspector even if you think you know enough about construction to do it yourself. That home inspector will find things not thought about by most people. There again include a special stipulation about receiving an acceptable report from them also.

    Be smart about your home purchase so there will be no regrets down the road.

  • Report this Comment On May 18, 2013, at 1:20 PM, Pheynix wrote:

    Hismrsfinnegan, sounds like you are buying a HUD owned property and possibly doing FHA financing. If this is the case, I would hold your agent accountable for not providing you with all the possibilities prior to you signing the contract. At this point there is little you can do in regard to the carpet issue. I would weigh the cost of the carpet against what your deposit was, if the carpet is going to cost you more than the deposit and you plan on ripping it out anyway, walk away from the deal as you’re going to be out the money anyway. I would also find a new agent....

    As a mortgage underwriter and being in the business for the past 15 years I can tell many stories and have seen almost all of it firsthand. I do agree with the story in respect to borrowers are not informed as to what they are getting into, that falls on the real estate agents and loan officers; only they are too concerned about their commission check then doing the right thing....

    As for the initial fallout and what may come again, base root of it is home values thus comes the appraiser. Home values became extremely over inflated by appraisers who made bad estimates to bring in properties at values that were never there and sadly, this still happens today. In part too people were getting qualified with no income and no assets because they had the credit score to support it, those days are gone. One has to prove everything that is stated on your loan application now.

    That though had nothing to do with the thousands that walked away from their homes because they were upside down in value, they had the money, they had the income but they viewed their home as a bad investment… Which stemmed from what, a bad appraisal in an over inflated market.

    There are many things that need to change and though new laws are coming into place to protect the borrower, there is nothing in place for education.

  • Report this Comment On May 18, 2013, at 1:32 PM, capt2626 wrote:

    to Hismrsfinnegan

    Unless the law has changed and I don't think it has, it is up to the seller to make all repairs to the property to have a FHA loan. The appraisal value is subject to all repair being completed before the sale is closed. If there are repairs reported by the appraiser, that property is not worth the appraised value until they are completed. FHA doesn't require carpet being in the house. Plenty homes are sold with vinyl, ceramic tile, hardwood and even stained concrete floors. If there is hardwood under the carpet it would, in some cases need to be refinished.

  • Report this Comment On May 18, 2013, at 1:48 PM, mortgagelies wrote:

    I'm a loan officer for 28 years.

    the position has been deleted.

    they're now called loan specialists.

    you can take that to mean the individual has zero mortgage lending experience.

    the big banks have lusted after the subprime market for as long as I can remember.

    even though they only understand fannie mae credit risk customers.

    they were not careful what they wished for because they didn't want it to begin with.

    and media who report info are just ignorant and uninformed. when they bring back all of the tried and true programs like adjustable rate and fixed adjustables etc. then things will stand corrected and the controlled burn that is the mortgage meltdown will be over and things can get back to normal. in closing I might add that the media hasn't a clue so disregard what you read in these stupid articles.

  • Report this Comment On May 18, 2013, at 1:52 PM, misakowalt wrote:

    If Congress does not cancel the 10 year sequestration with its impact on a few million jobs across the country, the next bubble burst may not be very far in the future. Sequestration is not only the Pentagon. It affects all government agencies. There is what is called trickle down effects. A simple example using the pentagon: A case of Meals Ready to Eat (MRE) is needed. The MRE case is made of cardboard. To make the case, wood fiber is needed (lumber industry), the fiber has to be processed (pulp mill), machines have to dry, press, and form the cardboard which is wax based to prevent water contamination in storage, shipment, and on the battlefield - people who produce wax, fix and repair the machines that make the boxes, the actual cutting and forming of the box - lots of people. NOW we go to the contents - the meal. Each box has a variety of main entries. This means a multitude of cooks to make each meal separately. The meals go through a freeze dry process after which it is packaged in an airtight, tear proof container. (lots more people involved in making the packaging, freeze drying, and controlling the process to include machine maintainers). This one meal package is now merged with several other food packages plus a chem heater package - lots more people (jobs) to put those together. Now all this must be packed into the box and hermatically sealed. More people (jobs). The box is now ready for shipment. It goes to a shipping company who loads it on a truck with a driver and loader (jobs). It travels across country to the military supply depot where it is received, processed, and stored (more jobs - can't forget the maintainers of the truck and the fuel required plus the people needed to make the fuel (jobs)). Just this one commodity has hundreds of people involved somewhere in the process and I didn't even address the farmer's work force (jobs) to plant, water, harvest, ship each individual food item to a processing plant who then sends those items to the plant that the food is prepared (another hundred jobs). Multiple all that by 50-60 million MREs per year, Sequestration can cost literally a hundred thousand jobs just in the process of MRE production and shipping to feed our military in training and when deployed to combat or aboard ship!

    Carry that across all commodities used by DOD and expand that to include the other Federal agencies, guess what, millions of people either laid off or hours severely cut back. This means reduced pay or unemployment which means unable to pay that lower interest rate mortgage.

    Folks letters need to be sent to your Congressman and Senator to cancel Sequestration and to start doing their jobs. By not doing their jobs, the country will be plunged into another recession in the not too far future with the same impact as 2008!!!

  • Report this Comment On May 18, 2013, at 2:00 PM, nmot2012 wrote:

    One thing that many people overlook is the fact that influential Liberals in congress held the view that every American had a "right" to own a home. The result: Fannie Mae & Freddie Mac became too liberal in their attempt to actualize this congressional Utopian philosophy. Once Fannie & Freddie pried open Pandora's box, others jumped on board. At that point, the meltdown of the mortgage market was not long in coming.

  • Report this Comment On May 18, 2013, at 2:02 PM, btc909 wrote:

    Almost half of the HARP bailouts have defaulted on those loan modifications. Ever increasing Property Taxes encourages borrowers who are just making the payments to eventually default on loans. If you have a conventional loan the HARP programs are useless unless they are backed by Freddie or Fannie. Homes are still WAY overvalued. Flippers drive up the prices of homes at an unrealistic rate. Banks knew they were going to be bailed out & were encouraged by the previous Clinton & Bush administrations to loan to everyone. Banks know they will be bailed out again.

  • Report this Comment On May 18, 2013, at 2:11 PM, Patricia78 wrote:

    In Arizona the financial institutions now choose the appraiser. In the past, the Realtor chose the appraiser, and when the appraiser did not appraise the house for enough -- the Realtor would pressure the appraiser until the appraiser caved in and appraised the property for more. Or, the Realtor simply never used that appraiser again. That was one of the major reasons why home prices kept going up up up! So that issue is now out of the mix. However, I have always felt that high schools need to teach students all about credit reports, car loans, home mortgages & how to balance a check book. The kids never learn any of this information and many go through life never learning it.

  • Report this Comment On May 18, 2013, at 2:14 PM, Bwestbroker wrote:

    @to Hismrsfinnegan

    It's a little hard to decipher what your actual problem is but I CAn say that unless you are using some new mortgage...your problem isn't a "problem".There is NO requirement with ANY lender that floors BE refinished before closing.If the subfloor under the carpet is NOT wood...then you do have to either leave the old carpet in place until after you close OR you can use an FHA 203K loan which allows repairs to be made and added TO your mortgage.Perfect for someone who is looking at a home that needs a new roof,needs to be painted or sided,needs windows,carpet,INSULATION,new furnace,hot water heater...the list goes on.with today's low rates even $25000 added for repairs isn't going to significantly change your payment and WILL actually lower costs for you if you think through what best helps you..namely..INSULATION.The easy one allows up to $15,000 add on....the more complicated one will require you to find a loan person who has REAL familiarity and skill..but they do exist.It sounds like your problem might be lack of ability in your loan officer.

  • Report this Comment On May 18, 2013, at 3:03 PM, ParrisBoyd wrote:

    Sure it'll happen again - the taxpayers and savers are the ones who got - and continue to get - soaked. Why should irresponsible borrowers and government supported banks change their behavior? They got rewarded and know that more of the same is in store for 'em next time around because of our (I no longer vote and I'm proud to say so) two-headed one party SHAM of an electoral system.

    And incidentally: If the Motley Fool thinks I'm gonna be suckered into stocks because of low interest rates, they better guess again. My response is to cut back - WAY back - on expenses.

  • Report this Comment On May 18, 2013, at 3:21 PM, ravens9111 wrote:

    This article is mostly hogwash. The only truth is the part about the subprime debacle. Mortgages being made today have a 1% default rate. Payment default is much less likely to occur for the foreseeable future because borrowers must income qualify and document assets. Underwriting standards today are more stringent than they have been for the past decade, if not longer. The process to get a loan today is often too daunting and intimidating for the average person due to the strict guidelines and need for additional paperwork. Not only must you income qualify and document your assets, you have to meet minimum credit score requirements as well. Most banks require at least a 640 credit score for all loan types, Fannie Mae, Freddie Mac, FHA, and VA.

    The problem today is that the underwriting guidelines are keeping many would be buyers out of the market. Those that are self employed are affected the most. Although it may be deemed fair for them to be left out due to their excessive tax writeoffs and benefits, stated income or bank deposits were a way to document income during the subprime years. Many of these borrower's are not able to get out of their subprime loan because of the income limitations imposed on them. If they want to get a loan, they can't writeoff all their income.

    Private money will come back to the market some day. These loans without a doubt will make sense again when investors can figure out how to comply with the new laws and regulations imposed on them. Investors will change their risk model to account for these defaults so no future bailout will be needed. When that happens, you will see a real boom in housing. With the government accounting for 99% of all mortgages, the free market is not working.

  • Report this Comment On May 18, 2013, at 3:23 PM, spankleelee wrote:

    I have yet to read anything from MF that I can take to heart. Why is this country being led and controlled by people with no courage to own their mistakes? Every CEO blames the lowly hourly wage workers for everything. And what they can't blame on them, they blame Obama. Obama isn't innocent because he has a few CEO's that influence him too. But at least those CEO's aren't scared to pay their fair share of taxes. The blame for the housing crash goes to the ones who did all the manipulating. The ones who had commercial after commercial and ad after ad with sweet words of home ownership and the sweeter words of everyone qualifies. This is like blaming poor people for fraud in receiving welfare. The fraudulent recipients of welfare would not be so much of a problem if the ones who approve their applications were doing their job and looking into everything on their application and making sure it's legit before approving. The ones managing it are to blame, more than the ones applying are. I have always believed that a business is only as good as it's management. It's pure stupidity to think a business is bad because of their customer base. And blaming the home buyers instead of the banks is exactly like blaming the customers for a poorly made hamburger. And it's exactly what MF is doing here.

  • Report this Comment On May 18, 2013, at 3:49 PM, ryanchandler25 wrote:

    Wow, you really thing a bunch of poor people in subprime loans was enough to cause the greatest financial crisis since the Great Depression? Seriously?

    Yea that was a contributing factor, but let's face it. The crisis was caused by derivatives. The subprime crisis would have been contained if it were a stand alone issue. The taxpayers didn't lend trillions to the banks because of subprime loans.

    I also love how you claim the next mortgage crisis is inevitable, yet you admit you have no clue what will cause it. It's funny how many authors see another mortgage or financial crisis coming, yet they were completely oblivious to the last one.

  • Report this Comment On May 18, 2013, at 4:31 PM, not12say wrote:

    There is a publication called 'The Economist'. With some digging on your part (What fun is it if I tell you everything?) you may verify, in the publication, how Bill Clinton has short sheeted Wall Street, from which is a major contributor in our economic quagmire.

  • Report this Comment On May 18, 2013, at 5:07 PM, captaintodzilla wrote:

    if they want change FIX AMERICA FIRST. its simple to do for the rich. get a Honest President to declare ww3 so they cant get rid of him before his changes take hold. go to war against GREED , IGNORANCE, SELF-ENTITLEMENT, AND POLITICAL CORRECTNESS send our prisoners off to countries were at war with not our children. use our military as a border. change the charity margins so 70% goes to the charity and 30% go to the fundraisers (opposite of how it is now) invest in our children more than our prisoners. make all public office wages same as minimum wage. cap profit margins in America I don't like paying for the mistakes of others. gas prices went up after the bp oil spill because they wanted to recover their losses. our society runs the way it does because it is designed that way for the rich by the rich. their are many common sense simple ways to change things to make a better world to live in. legalize marijuana god made it man banned it, the rich cotton farmers were afraid of the hemp industry would make them poor. legalize prostitution maybe less children will get abducted. until we can prioritize correctly , have accountability , and worry about the American instead of the American dollar things will remain perverted.

  • Report this Comment On May 18, 2013, at 8:48 PM, zekemcc wrote:

    to capt2626. Absurdity prevails so often in these comments. I want to commend you. You are straightforward, practical, and spot on. Thanks!

    Adding to your comments, I worked in lending myself. I had to compete with others to get loans, and from my personal experience, almost all of my "opponents" had integrity. Rarely did I come across a loan officer (lending rep) that intentionally gave erroneous information. Almost always, printed descriptions and disclosures of the type of loan that was offered were given to the borrowers. I can say also, that in most cases, the borrowers rarely read the descriptions.

    They make the borrowers out to be the innocent victims, and in some cases they were exactly that. But in so many cases, the information was there, available, and offered and they disregarded.


  • Report this Comment On September 11, 2013, at 1:42 PM, charlesmorgan wrote:


    Are you a business man or woman ? Are you in bad health and you are unable to afford your medication for treatment? Are you in any financial mess or do you need funds to start up your own business? Do you need loan to settle your debt or pay off your bills or start a nice business? Do you have a low credit score and you are finding it hard to obtain capital loan from local banks/other financial institutes? Do you need a loan? If your answer is yes then here is your solution. We offer loans at 3% interest rate and we offer the following loans interested person should please contact us via


    Charles Morgan

Add your comment.

Compare Brokers

Fool Disclosure

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2437708, ~/Articles/ArticleHandler.aspx, 10/22/2016 9:44:50 PM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...

Today's Market

updated 1 day ago Sponsored by:
DOW 18,145.71 -16.64 -0.09%
S&P 500 2,141.16 -0.18 -0.01%
NASD 5,257.40 15.57 0.30%

Create My Watchlist

Go to My Watchlist

You don't seem to be following any stocks yet!

Better investing starts with a watchlist. Now you can create a personalized watchlist and get immediate access to the personalized information you need to make successful investing decisions.

Data delayed up to 5 minutes

Related Tickers

10/21/2016 4:00 PM
BAC $16.67 Up +0.11 +0.66%
Bank of America CAPS Rating: ****
JPM $68.49 Up +0.23 +0.34%
JPMorgan Chase CAPS Rating: ****
MBI $8.09 Up +0.08 +1.00%
MBIA CAPS Rating: **
WFC $45.09 Up +0.16 +0.36%
Wells Fargo CAPS Rating: ****