have we hit bottom in the housing market: Have we hit bottom? - 07/16/08 01:13 PM
This is my 3rd cycle through the real estate market. I got into the mortgage business in 1982 when a "good fixed" rate was 12% with 3 points. I got to watch the crash in 1991 when the bubble burst in housing and all of the Savings and Loans collapsed.
History seems to repeat itself. We had a sub prime market in the late 80's and early 90's and the same thing happened. Borrowers, who should not have gotten a loan, got a loan and then defaulted on it. Just like what we are seeing today
However I am seeing a couple … (5 comments)

Robert Staab (Bangor Savings Bank nmls# 509659)

Robert Staab

Portland, ME

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Bangor Savings Bank nmls# 509659

Address: 1048 Brighton Ave, Portland, Me, 04102

Office: 207-420-3917

Mobile: 207-712-7303

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