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lending: How Big Is the Sub-Prime Mortgage Market? Not very big at all - 08/10/07 06:56 PM
Cited by BusinessWeek Online, a very eye-opening analysis of the sub-prime mess from National Review Online:I’ve thought a lot about Rain Man over the past few months as I’ve been following the press coverage of the sub-prime mortgage crisis. The story’s been on the front page of the Wall Street Journal nearly every day. Pretty much every show on CNBC — except Kudlow & Co.and one or two others — has been obsessed with the topic. Yet no one seems to be asking the Rain Man question: “How big is the sub-prime mortgage market?” And the answer, as Ben Stein makes clear, is not very big at all. Currently there are about
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lending: What Isaac Newton knew about mortgage lending - 01/08/07 10:45 AM
This is an extract from a BloodhoundBlog post by Chicago-area Mortgage Planner Dan Green:I recently wrote about sub-prime loans for the first time in a long while because the sector should start taking more headlines in the papers.I'd hate for you to be unready for it, of course. Sub-prime loans are a big part of mortgage lending."Sub-prime" is a broad-sweeping term for the large percentage of loans that won't get bought by the quasi-government agencies Fannie Mae and Freddie Mac. The opposite of "sub-prime" is "conforming", as in: these loans conform to the guidelines set forth by Fannie Mae and Freddie
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Greg Swann
Phoenix,
AZ
More about me
BloodhoundBlog.com
Address: 314 E El Caminito Dr, Phoenix, AZ, 85020
Office Phone: (602) 504-1256
Cell Phone: (602) 740-7531
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