Home Equity Loans Arizona » Mess

Do people realize that its an error to blame this economic mess on Subprime lending?

Editor — Fri, 16 Apr 2010 22:48:10 +0000

The fact is subprime lending was a good idea (helping people with lower fico scores if they had enough income). The dangerous part was the ARM and Option Arm Lending. About 80% of subprime mortgages are good…and still good. This financial mess we’re in was influenced by lax regulation in giving out ARM’s (Adjustable Rate Mortgages).

I find it sad to see the media blame folks with subprime loans for this mess, when the issue is really the ease at which lending institutions gave out ARM loans because they felt home prices would continue to rise forever, and when that didn’t happen and people mortgage payments adjusted and they couldn’t refinance due to lack of equity the whole system crashed and they blame the borrowers. Just despicable.

Anyone have any insight on this situation?

Uk’s Mortgage Mess

Editor — Thu, 26 Nov 2009 01:26:45 +0000

http://refinancemortgagenow… Home equity loan, refinance mortgage rates, refinance house, homerefinance, debt consolidation, loan mortgages, home loans, consolidation loans, debt consolidation lo…

Uk’s Mortgage Mess

Editor — Wed, 18 Nov 2009 19:04:38 +0000

Uk’s Mortgage Mess

Editor — Tue, 17 Nov 2009 07:01:20 +0000

Uk’s Mortgage Mess

Editor — Mon, 16 Nov 2009 22:05:37 +0000

Uk’s Mortgage Mess

Editor — Mon, 16 Nov 2009 12:58:24 +0000

Uk’s Mortgage Mess

Editor — Mon, 16 Nov 2009 04:00:10 +0000

Uk’s Mortgage Mess

Editor — Fri, 13 Nov 2009 04:14:07 +0000