subprime: Major Home Builder Agrees With Little Known Real Estate Broker - 11/19/09 05:37 AM
 
Back in April I called:  
FHA – THE NEW SUPRIME LENDER Now I'm not alone. Toll Brothers Inc. Chief Executive Officer Robert Toll said. “Yesterday’s subprime is today’s FHA,”  
It's crazy! It's OBSCENE! A first time home buyer puts in an offer for quarter of a million dollar home, puts up $8750.00 and asks the seller (more often than not: A BANK) to pay the closing costs. Closes on the the home then gets a $8,000 tax credit. Assuming you have the credit and income, buying a $250,000 home today is almost without risk and can be done … (0 comments)

subprime: The Subprime Primer - 09/26/08 08:06 AM
Here is a simple tutorial in layman's (or longshorman's) language that explains how we got into the Subprime mess.
The Subprime Primer
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