-
Quick Tour
Connect. Share. Learn.Welcome to ActiveRain, the #1 social community for real estate professionals.- Explore the world's largest storehouse of real estate knowledge
- Access free training on ActiveRain University
- Share the experience of life in the real estate industry
- Grow your business through real estate blogging
- Blogs
-
Resources
Product Reviews Curious as to what others in your profession think about a certain product or tool? AR's community takes the time to leave honest and transparent reviews of their experiences so you can be a bit wiser about your purchase.
- Broken down by categories and subcategories for easy finds
- Get an unfiltered look at what real users are saying
- Leave a review yourself for others to benefit from
- Add new products as you use them and gain points for doing so
|
;)
;)
Find CA real estate agents and Torrance real estate on ActiveRain.
Disclaimer: ActiveRain Corp. does not necessarily endorse the real estate agents, loan officers and brokers listed on this site. These real estate profiles, blogs and blog entries are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a house. ActiveRain Corp. takes no responsibility for the content in these profiles, that are written by the members of this community.
© 2013 ActiveRain Corp. All Rights Reserved
4 Comments on Mortgage Politics
Let 'em eat cake.
Isn't that what the Realtor's and LO's said when they "consulted" the buyers by not advising a cushion? If someone qualifies for a $200K loan. Why would any conscientious LO or Realtor not advise the person to look for a $150-175K house?
Because the commission is higher on the $200K.
The link suggested it is all the fault of the lenders. Poppycock I say. Poppycock.
[ Yes, i know... the borrowers signed the papers.they have ultimate accountability ]
A salesman sells. Period.
A realtor sells a house.
A Loan Officer sells a loan.
An applicant signs the deal.
A lender hands over their money.
Who is getting hurt? Ultimately the lender.
If I lend you money, and you don't pay. I am the one responsible to make you pay.
Tony Soprano breaks your legs. The home lender forecloses. Lets face it. To some borrowers that is not enough leverage.
It is up to the lender to find the leverage. It is their money they gave away, it is their money they are chasing. I know it gets ugly as we get into secondary markets. But even then they can exert leverage on the organization that sold them the "goods".
Please, please! WAKE UP!
Where in our Constitution does it say that the US government is responsible? Should not the greedy lenders and the greedy borrowers pay for their decisions?
As a taxpayer I am SICK AND TIRED of paying for the people of America who feel that the federal government (and in reality, the american taxpayers who get to foot the bill) are responsible for everyone from cradle to grave!
Lending and borrowing money is a calculated risk of both the lender and borrower. Suggesting that the american public is responsible for either's miscalculation or misrepresentation is OBSURD! That would be equivalent to the lenders and borrowers sharing in their profits and increases in equity!
WHERE DOES IT STOP??