Subprime Lending
Loading...
Loading...
3,658
Link to this comment:
Share to:
Loading...
- 0:58Bad Credit Auto Loanby ross23937837,805 views
Featured Video
- 0:56Why would the Fed raise interest rates?by speculativebubble2,900 views
- 3:31Housing Bubbles don't pop; they deflate slowlyby speculativebubble27,273 views
- 3:41Real Estate Pricesby speculativebubble643,977 views
- 2:21ron paul supporters - re-uploaded not as blurryby speculativebubble4,102 views
- 9:11Subprime Loans: The American Dream? or American...by felisa251,277 views
- 1:31Barack Obama Trained ACORN Staff In How To Inti...by harvardlawgrad125,606 views
- 0:58ConsumerAffairs.com - Subprime Loansby consumeraffairscom1,260 views
- 2:48Subprime Lenders by The Hecklersby tellinglivesblog505 views
- 3:35Wall Street Meltdownby LMcDuff08213,882 views
- 3:41The Subprime Crisis Illustratedby MetaViewTV18,614 views
- 5:08Takin' Care of (sub-prime) Businessby ALR60024,897 views
- 7:43Market Meltdown - An Elliott Wave Look at Subpr...by elliottwaveintl39,924 views
- 10:09Be Frugalby ActionPrinciples2,446 views
- 8:35Cause Change - Bill FitzPatrick AP 15by ActionPrinciples853 views
- 3:40THE HOUSING CRASH IS ON!!! TELL ME CAN YOU FEE...by john67elco21,138 views
- 7:19Sell this stock now: TFN Smart Investing Stock ...by TaipanFinancialNews651 views
- 8:55SUB-PRIME caused by Fraudulent Builder Loansby GrantCardone3,081 views
- 2:28FLORIDA HOUSING CRASH 50% OFFby john67elco63,333 views
- 9:59Sub-Prime Crisis Analysis on "Left, Right and C...by litxlit2,681 views
Not the biggest fan of subprime lending.
ForexStrategySecrets 1 year ago
Thank you 'pjacobo', for letting Mr. Smart Guy 'drodfla' know who the real bonehead is! As HeeersEllery posted 2 yrs. ago, I saw it coming and acted accordingly. And I must say a big thanks to the dirty-bird Real-Estate Speculators, the" Flip That House" crowd for their help in wrecking the US economy.
ThatMiserableCat 2 years ago
Now who's the bonehead...you! This guy posted two years ago and was, like me, right on. Now we all suffer.
Bonehead.
ThatMiserableCat 2 years ago
While Obama & the Democrats were cashing their big paychecks from FannieMae & FreddieMac, McCain and 18 other REPUBLICAN Senators were loudly predicting this disaster and trying to STOP it.
Their letter, dated May 5, 2006:
tinyurl (dot) com/3q6dc9
(fix the "dot," obviously)
Note that NOT ONE DEMOCRAT signed this letter.
Where was Sen. Obama that day? Running for President, too busy to give a shit.
Democrats pimped these loans to unqualified borrowers, now the chickens came home to roost.
RottweillerRescue44 3 years ago
Now that it will be harder for people to get loans to buy houses they will have to rent, everybody has to live someplace. Now would be a good time to buy rental houses.
lasttoknow2 3 years ago
if you have an interest-only mortgage, and the rate doubles, so does your payment - you the dumbass, and this fellow knows exactly what he's talking about
pjacobo 4 years ago
This dumbass doesn't know what he's talking about.
1. The payment can't double...there's an interest cap.
2. The prepayment penalty is usually for 2 years which is what the rate is locked in for...and you can even buy it out to not even have a ppp.
3. Of course the interest is higher...if your credit sucks, you're a risk..duh!
4. If your credit was better than average, you wouldn't need a subprime loan and you would get a better rate..dumbass.
This guy's a bonehead!
drodfla 4 years ago
great simply explanation and very timely too as it seems that this was posted before all the problems sprung up well done.
InformedTrades 4 years ago
It is wonderful you are attempting to educate people using basic and simple English and examples. You can always check out my predatory lending videos on Youtube if it helps any interested party. Keep doing this wonderful work. Your efforts are supporting some of the most vulnerable people in our country. Thank you!
sharonafox1 4 years ago
It's sort of like making a payday loan to the unemployed...
thisismyname007 4 years ago