lenders: Mortgage Meltdown: Who is to blame? - 06/18/08 12:03 AM
AJ Nisen wrote a blog entry about who was to blame for the mortgage crisis, and I had to comment... I thought the point was worth repeating, so I am placing the comment here as well.
I find it remarkable that we think we can actually assign blame for this... the … (43 comments)
lenders: Bailing out Buyers Who Made Bad Choices (revisited) - 02/05/08 11:38 AM
Nannette Saunders wrote: And as part of the stimulus, which has already passed the House, homeowners would be able to seek the protection of the Federal Housing Administration for vastly more expensive homes than before. One provision of the bill would raise the limit on FHA mortgages from $362,790 to as … (4 comments)
lenders: Mortgage broker borrows 33% of refi loan and then files bankruptcy - 11/05/07 11:40 AM
I heard a very odd story today... A mortgage broker worked a refi deal with a client, and borrowed 1/3 of the cash out amount from the client... soon after, the broker declared bankruptcy, and informed the client that they would not be paid back. The client is now in foreclosure. The … (12 comments)
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AJ Nisen wrote a blog entry about who was to blame for the mortgage crisis, and I had to comment... I thought the point was worth repeating, so I am placing the comment here as well.
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