Why Do Mortgage Lenders Hate America?

Caveat Emptor!

"This mortgage crisis will go down in history as more financially significant than Wall Street's "Black Monday" in 1987, the Long-Term Capital Management disaster of 1998, any of the massive international currency crisis' in the last 20 years... it will be even more financially destructive than the Sept. 11 attacks."

Reference sources include:
-5 Min. Forecast
agora financial
Center for Responsible Lending
the FFIEC
www.fanniemaefoundation.org.
National Housing Institute

Category:

News & Politics

Tags:

• Subprime
• Terrorists
• Mortgage
• Crisis
• white
• collar
• crime
• fraud
• enron

[skhan1943]

blair227; "Great Video Frank,the repukes have tried for years to take us back to pre FDR days,well they are succeeding."

Further back than that, blair227.

Welcome to the Gilded Age of the 21st Century.

Complete with no regulations, Robber Barons, child labor, the organized initiative against unions endorsed by our government, and a corporate-owned government.

The only thing lacking is orphan trains.

[blair227]

Great Video Frank,the repukes have tried for years to take us back to pre FDR days,well they are succeeding.Welcome to the 3rd world America.

[MegaCostenito]

ah america ha ha ha america is the bitch of china y russia!.

[spectrum0590]

Lenders are booming because wall street are ready to buy the mortgages avail by people in a form of bond.

[spectrum2000now]

I don't know. But I think mortgage lenders love America. Considering they can pass the all the risk to Wall street along with loan.

[dukenthaylor]

Mr Banker lies to you when he tells you that (1) YOU should trust HIM when (2) HE says HIS home is YOUR best investment because (3) YOU can afford HIS costs on HIS home, so (4) when you pay HIM what HE says YOU can afford for HIS home, YOU own HIS home, and (5) when YOU can't afford HIS ever-increasing payments, HE won't be mad at YOU, because HE doesn't even want foreclose on YOU to take HIS home back! So, HE shouldn't be angry with YOU when YOU lie to HIM, and BURN THAT FUCKER TO THE GROUND!

[speciesamused]

@gamehound83 Appreciate the love.

"Superfly Pipe Dream" Reality is something

people tend to steer away from.

I am more into life than any superficial items..

It is so short. One love.

[gamehound83]

@speciesamused My mother and father are the same as you. Bought what they could afford. People these days are living in what I call the "Superfly Pipe Dream"

Buying and living on a lifestyle that they can't afford exept with credit.

Feel's good being free from debt I assume? Be proud you are something to be copied

[Pilgrim812]

Yes, but where's the subprime lending

now - non -existant and good riddance.

[badmuffy]

I think the problem is that instead of addressing the real problem which is that there is no living wage in this country they made these dumb programs to lend poor people money which of course they couldn't pay back.

[UnknownMasterXII]

99% true and it happend, thank god i don't live in US but becouse of US my country is also in crysis(not a big problem).

a land of idiots and false freedom