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Monthly Archives: March 2009
Is the pending economic stimulus legislation an attempt to nationalize the home mortgage industry?
Bopped asked: Seem like raising the caps on federally insurable mortgages and having the various gov’t underwriting agencies purchase unvetted portfolios of mortgages effectively nationalizes the home mortage industry. SInce I am reading that there may be $2 trillion of … Continue reading
Why is the price of mortages going up despite the crisis?
Jan Dluznik asked: Some market logic has been known for ages. One of them says that crisis brings lower prices of goods and services. Consumers have less money, they think twice before spending them. Should the seller want to avoid … Continue reading
So mortage companies give loans to unqualified people and the taxpayers are stuck holding the tab?
Naturescent asked: http://news.yahoo.com/s/afp/20080923/ts_afp/usfinancebanking_080923173430;_ylt=Auq1ewPnGOj_xfF4_zbBLBrqxQcB Do they think we just woke up in a cabbage patch or what? Isn’t this just bankers trying to take advantage of people by giving them loans at such high interest rates that they end up losing … Continue reading
Posted in Politics
Tagged Aig, Bad Business, Business Choices, Cabbage Patch, Fannie Freddie, Fbi, Financial Bailout, High Interest Rates, Lehman, Mortage Companies, Mortage Loans, News Yahoo, People, Presidents, Taxpayers
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Subprime Mortgage Lending
Alex Tragnitz asked: “Subprime Mortgage Lending and Its Effect on The Economy” In the 1990’s the United States saw a rapid growth of subprime mortgage lending. Lending institutions started to give credit for mortgages to millions of borrowers who may … Continue reading