I came across an interesting article this morning entitled: "The subprime mortgage mess, 5 myths put to rest". It is rare when a reporter actually digs in and finds the truth. Kudos to the Pittsburg Tribune-Review and Carl Prine for an outstanding piece. See the link here

I especially like myth #3. The media and Congress have put the banks and mortgage lenders in the "evil corporate greedy empire" category for foreclosing on so many houses. Congress needs to read myth #3, and then read it again. You would think that a member of Congress would understand this, but apparently some don't

 
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3 Comments on A Fine Job

FEB
27
2008
383,510 Points 1 Featured Post Outside Blog

Hey Dan,

Thanks for providing that link. It was a very interesting article about the sub-prime mess.

Sean Allen

4:05pm • #1
thanks for the link, its always good to hear whats going on in the mortgage business
4:08pm • #2
Good article. In regards to myth #3, banks aren't not in the business of real estate, they would prefer not to foreclose if they don't have to.
4:15pm • #3

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Dan Barksdale

Birmingham, AL

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USA Title of Alabama

Address: 3821 Lorna Road Suite 122, Birmingham, AL, 35244

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