Comments on: The Subprime Mortgage Crisis: How Did It All Start?

By: eglence

eglence — Thu, 01 Oct 2009 13:22:17 +0000

good article about the crisis – while searching how and why found this article and liked it…
a mistake “…40% between 200 and 2006″ — year’s last digit.
thanks.

By: Foreclosed homes in Miami

Foreclosed homes in Miami — Fri, 15 May 2009 17:39:06 +0000

[...] Homes in Miami carry a price-tag, which is the outstanding balance of the home loans extended by mortgage lenders. Therefore they are well below the fair market value of the properties concerned. If [...]

By: Trust in the economy | benvanderburg.com (beta)

Trust in the economy | benvanderburg.com (beta) — Thu, 19 Mar 2009 05:08:52 +0000

[...] timing. The index started to fall in the beginning of 2007 and the serieus subcrime mortage crisis began in June of 2007 when two Bear Stearns hedge funds collapsed. The CFO’s knew something? But what do you do as [...]

By: USA: New Homes Sales fell by 26%

USA: New Homes Sales fell by 26% — Fri, 06 Mar 2009 12:05:58 +0000

[...] Meanwhile, banks have limited their lending activities restricted after the crisis of the U.S. sub-prime mortgage. Now, manufacturers try to attract buyers reducing prices. They have restrained at the same time [...]

By: Predatory Lending in Jefferson County

Predatory Lending in Jefferson County — Thu, 05 Mar 2009 13:49:09 +0000

[...] The good news is that this unemployment figure is significantly less than the national average which sits uncomfortably at 6.5%, however, that is little consolation to those who find themselves out of work and struggling to meet rising repayments on their sub-prime mortgages. [...]

By: Avoiding Foreclosure Crisis Start

Avoiding Foreclosure Crisis Start — Tue, 04 Nov 2008 10:51:59 +0000

[...] Foreclosure crisis start right from the time when you miss your first mortgage payment. It is a fact that if people take proper steps at the foreclosure crisis start itself, they can prevent foreclosure on the whole. Some wise people try doing something right from the foreclosure crisis start while others may wait for the last moment to come when they will see their home being auctioned in front of a huge public. Here are some points that you can take care of for preventing foreclosure crisis start: [...]

By: American Foreclosure Help

American Foreclosure Help — Fri, 31 Oct 2008 11:09:33 +0000

[...] officials want to freeze interests of “sub prime” mortgages, for five years, in order to help the Americans threatened by foreclosure. Through the [...]

By: Websites Connecting Borrowers With Loan Specialists To Save Homes From Being Foreclosed

Fri, 19 Sep 2008 03:17:25 +0000

[...] foreclosure crisis or mortgage crisis has hit hard and the expenses involved for the lenders are also quite high. These factors have made [...]

By: Tim James

Tim James — Sun, 02 Dec 2007 06:17:07 +0000

I have been a mortgage loan officer working under a broker for almost 20 years and, yes, there are bad loan officers and brokers that take advantage of people but you need to do more research for your story before you start blaming mortgage brokers for “talking borrowers into taking a subprime mortgage”. You should be saying how it started with the secondary mortgage market where the loan programs and guidelines are developed. They made it easy for borrowers to qualify for a mortgage. The idea of a short term fixed loan was that the borrower would improve their credit within that time period and then refinance into a long term fixed rate. You meet with a borrower who wants to buy a house and after looking over their qualifing information you tell them this is the only thing they qualify for. Either don’t buy or take this, improve your credit and then refinance. What do you think they will do? This is not the brokers fault, you need to look further up the chain than that.