http://brokermortgagesblog.com/2008/05/31/subprime-mortgage-and-loan-crisis/ Current Mortgage news and discussion of Unconventional Lending and Subprime Loans Wed, 23 May 2012 06:56:14 +0000 hourly 1 http://wordpress.com/ http://brokermortgagesblog.com/2008/05/31/subprime-mortgage-and-loan-crisis/#comment-252 Wed, 23 May 2012 06:56:14 +0000 http://brokermortgages.wordpress.com/?p=24#comment-252 what about a borrower that intends on selling the house in a specific, pre-determined number of years, 3 years?, 5 years? do you think they could benifit from an ARM mortgage?

]]> http://brokermortgagesblog.com/2008/05/31/subprime-mortgage-and-loan-crisis/#comment-248 Mon, 21 May 2012 09:00:00 +0000 http://brokermortgages.wordpress.com/?p=24#comment-248 In most cases..I wouldn’t blame the brerowor. The real estate market has gone mad the past 10 years.. average homes values have gone from $100k to $300k. The average person wants to own a home.. and are pressured to get in while the price is almost realistic. The lenders used to require blood and your first child to get qualified, but have relaxed so much..in some cases people are getting homes without inspections. At the same time, mortgage companies have become a dime a dozen trying to make a quick buck off anyone that walks in their door. They local mortgage companies are, in some cases, fudging the applicants application so they qualify from the lender.. its very easy.The only person that would benefit from an interest only, adjustable mortgage is the lender.. they shouldn’t be legal.

]]> http://brokermortgagesblog.com/2008/05/31/subprime-mortgage-and-loan-crisis/#comment-125 Mon, 02 Aug 2010 17:38:21 +0000 http://brokermortgages.wordpress.com/?p=24#comment-125 [...] responses to my credit card post mimic the response to the subprime mortgage catastrophe, which placed the blame on homeowners who got mortgages [...]

]]> http://brokermortgagesblog.com/2008/05/31/subprime-mortgage-and-loan-crisis/#comment-120 Wed, 21 Jul 2010 11:01:56 +0000 http://brokermortgages.wordpress.com/?p=24#comment-120 This post to subprime mortgage is is very excellent and the language used is very easy. Before i read this post i was in fix and was not able to make out and was not able to understand what is the subprime mortgage. But now after reading this guide i am sure what is the subprime mortgage. Thanks for the post. very beautifully explained.

]]> http://brokermortgagesblog.com/2008/05/31/subprime-mortgage-and-loan-crisis/#comment-60 Fri, 06 Jun 2008 14:26:25 +0000 http://brokermortgages.wordpress.com/?p=24#comment-60 [...] appraisal was simply due to the difficulties of valuing complex portfolios and because of the subprime mortgage crisis. Evidently, this is the most common defense to a charge of this nature. Published [...]

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