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In reply to the discussion: Obama administration pushes banks to make home loans to people with weaker credit [View all]geek tragedy
(68,868 posts)32. They're not proposing to bring back liar loans
or those with artificially low teaser rates.
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Obama administration pushes banks to make home loans to people with weaker credit [View all]
alp227
Apr 2013
OP
I don't think we have in the sense of making sure the bail out money reached main street...
midnight
Apr 2013
#31
As I understand it, the percentage of mortgages that were sub-prime had soared to historic
Flatulo
Apr 2013
#25
Please read #88 - an explosion in lending, this Reuters article specific to subprime auto loans n/t
progree
Apr 2013
#89
Auto and residential mortgages are completely different sectors of the economy.
geek tragedy
Apr 2013
#90
I know, but the article mentions subprime mortgage securities as another mini-bubble, although just
progree
Apr 2013
#91
The Fine Print: What The Street doesn't like is the facility to refinance existing mortgages
denem
Apr 2013
#18
If you can't afford it, real estate is the riskiest investment you can make because its leveraged.
dkf
Apr 2013
#27
You can tell the lenders that at your next mortgage application...........I'm sure they will listen
lunasun
Apr 2013
#57
FICO has nothing to do with income. They check both your FICO credit score
geek tragedy
Apr 2013
#59
A FICO score of about 520 is generally the minimum that will qualify for a mortgage
lunasun
Apr 2013
#64
The lenders own the homes untill they are paid off. Why aren't the lenders paying the property tax??
Sunlei
Apr 2013
#49
Knives allowed on planes, banks urged to make loans to people with weak credit...
forestpath
Apr 2013
#85