loans: Where will the ripples stop? Corrections and Observations.. - 09/21/07 07:34 AM
Hello and welcome.
 I recently wrote a blog on lenders and tried to put into laymans terms some of what has happened over the last few years. Linked here http://activerain.com/blogsview/180021/Run-chicken-little-RUN .
 Bill Burress ( » Bill Burress Florida Mortgage Broker) commented on the domino effect the falling and failing sub-prime lenders has had on other lenders. (Thanks for the comment Bill.) He was absolutely right, and I had missed it. Here is an article http://biz.yahoo.com/ap/070829/expensive_homes.html?.v=2 on another ripple effect the sub-primes failing has created. Now that mortgage demand is off, and people are not applying for loans out of fear and/or disinterest, what is going … (1 comments)

 

Steven Wyrick

Maricopa, AZ

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Real estate, loans, economy, rants, and more. It is all related. Blogs can be so powerful, because they are often based on personal experience. This offers us a chance to learn from others, their successes, mistakes and spelling erors. (Just seeing if you are awake.) That is a source of wisdom, just ask your grandparents... In the spirit of learning, please feel free to contradict me if your experience OR OPINION is, well, contradictory.


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