Sorry folks, you have been had, peed on, scammed and lied to.
WallStreet bailouts were rigged and a fraud, market manipulations,
high freqency trading, flash orders, naked short selling by:
Goldman, JPM, Cit, MorgStanley, Aig, stay away from this scum.
The Fed, Comex, ETF’s, Govt data: frauds. Your labor devalued to Zero.
Pull your money out, walk away from your mortgage and CC card debt,
We can beat them at their own game, buy pure silver bullion,
buy local mom and pop. Starve The Beast!
More than 84 percent of the subprime mortgages in 2006 were issued by private lending institutions.
Private firms made nearly 83 percent of the subprime loans to low- and moderate-income borrowers that year.
Only one of the top 25 subprime lenders in 2006 was directly subject to the housing law that’s being lambasted by conservative critics.
The best thing you can do is arm yourself with knowledge, even better if it’s free. a little time and a few clicks now could save you years and thousands of dollars later.
it seems to me that there was a novice getting a loan and a PROFESSIONAL selling the loan, yet so many want to blame the little old lady that was just trying to make a living!
Sorry no one knows how well the CRA loans performed on an individual basis. The study the treasury department put out about that said that in bundled securities they thought that CRA loans performed just as well as the other loans in the bundle because they had no way to tell otherwise.
In my opinion with the threat of government action and litigation every time you refuse a loan you’ll just start handing them out all the time.
CRA loans default at a lower rate than others.
Over half of the people that received sub-prime mortgages qualified for prime rate mortgages. There was strong pressure by lenders to to get people into the sub-prime mortgages.
The people taking out ARM mortgages never intended to pay them off or even live in the house. They were skeezy people with money to burn who intended to buy property and flip it as soon as the value of the home rose through market value that was ballooning unrealistically.
What I don’t understand is people who received these loans are not automatically refinanced by law as they were clearly mislead and defrauded by those selling a product dressed up as a loan to buy a house they could one day own when in fact they could never own the property they bought with one of these loans? why are the people who defrauded the public not held accountable for their actions ?
Growth Hormone
Haha I loved the video- funny and educational! “Yea, just say you fucked up”.
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Really funny video. But what happened to the Federal Reserve, FDIC, Fanny & Freddie Mac, Dot com bubble, Moral Hazard?
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People want to change healthcare, or tax banks, or whatever, but
HAS ANYONE PROPOSED ABOLISHING THE MORTGAGE BACKED SECURITIES MESS? no.
Whiskey Tango Foxtrot
Fear of Driving Review
Sorry folks, you have been had, peed on, scammed and lied to.
WallStreet bailouts were rigged and a fraud, market manipulations,
high freqency trading, flash orders, naked short selling by:
Goldman, JPM, Cit, MorgStanley, Aig, stay away from this scum.
The Fed, Comex, ETF’s, Govt data: frauds. Your labor devalued to Zero.
Pull your money out, walk away from your mortgage and CC card debt,
We can beat them at their own game, buy pure silver bullion,
buy local mom and pop. Starve The Beast!
Home Theater Systems
Add in illegals buying houses and kaboom.
It all started with CRA 1977 and Jimmy Carter.
Online Forex Trading Systems
i get it now!!
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that was interesting.
Cycling Skinsuits
More than 84 percent of the subprime mortgages in 2006 were issued by private lending institutions.
Private firms made nearly 83 percent of the subprime loans to low- and moderate-income borrowers that year.
Only one of the top 25 subprime lenders in 2006 was directly subject to the housing law that’s being lambasted by conservative critics.
Fannie Mae & Freddie Mac? Uh, no. ACORN? Uh, nope again.
Try George Bush, Phil Gramm and all the values voters.
Home Theater Systems
the bible says the same stuff about debt so there is nothing special about your koran
First Home Owners Grant
That mortgages are realy smelly.
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mortgageartist. com
The best thing you can do is arm yourself with knowledge, even better if it’s free. a little time and a few clicks now could save you years and thousands of dollars later.
the choices you make today define your tommorow.
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Yes as a broker in the UK i agree were all in a mess.
Panic Attack Treatment
nice
Wine Tasting
mortgageartist. com
Your path to the best mortgage information resource around.
Educating yourself costs you nothing, ignorance can cost you everything.
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Nice
Bass Fishing
really good one
Home Theater System
interesting!
Home Theater Systems
Not only mortgages, student loan is also crazy…many Asian countries’ college loan is only lower than 2% fixed for life…sigh!!
Cycling Gloves
the dumb ‘helium ballon’ voices are VERY distracting. Ugh
bass fishing
very good question!
it seems to me that there was a novice getting a loan and a PROFESSIONAL selling the loan, yet so many want to blame the little old lady that was just trying to make a living!
Fear of Driving Review
Sorry no one knows how well the CRA loans performed on an individual basis. The study the treasury department put out about that said that in bundled securities they thought that CRA loans performed just as well as the other loans in the bundle because they had no way to tell otherwise.
In my opinion with the threat of government action and litigation every time you refuse a loan you’ll just start handing them out all the time.
Home Wine Turbine
We need 30 year fixed rate mortgages to be 2.5 % or lower.
Buy Diamonds
CRA loans default at a lower rate than others.
Over half of the people that received sub-prime mortgages qualified for prime rate mortgages. There was strong pressure by lenders to to get people into the sub-prime mortgages.
The people taking out ARM mortgages never intended to pay them off or even live in the house. They were skeezy people with money to burn who intended to buy property and flip it as soon as the value of the home rose through market value that was ballooning unrealistically.
Home Theater Systems
this is a great video. i actually learned what this dumb thing was about.
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What I don’t understand is people who received these loans are not automatically refinanced by law as they were clearly mislead and defrauded by those selling a product dressed up as a loan to buy a house they could one day own when in fact they could never own the property they bought with one of these loans? why are the people who defrauded the public not held accountable for their actions ?