Subprime Rate Five-Year Fix Agreed by U.S. Regulators

By
Real Estate Broker/Owner with Lazarus Realty

Go HERE for the article.

What a mess we have gotten ourselves into.  In the end, will the responsible people with good credit ratings, who make their mortgage payments on time every month, end up subsidizing the subprime borrowers who borrowed more than they should for houses they could not afford in the first place?  IT'S CRAZY!

I believe that if they investigated these loans they would find so many instances of fraud by both lenders and borrowers that our prison system couldn't hold them all! 

We are seeing greed and financial irresponsibility at every level in this country.  IT''S SCARY!!!

© Randy "Lazarus" McAtee
    Owner / Broker Lazarus Realty
    559-301-1647
    lazarusrealty AT gmail.com  

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Randy "Lazarus" McAtee

Owner/Broker, Lazarus Realty, Fresno California
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