Sublimezm mortgage ??

[jh1]

jaykay, i beat it around more than my newborn fightdog puppy

LMAO @

 

[ceo]

Who has been impacted by these instruments. Jobs, house loan, family friend etc. How big is this deal?

bro, subprime was just the beginning. Now we have Alt-A and A lenders in trouble and shutting down. Grrenpoint (owned by Cap One) is done, ABC (big option ARM lender) is gone, CountryWide had to take a huge loan and they are still in trouble. This will get worse all around before it gets better. Period.

Many people may be too young to know or remember when 9% was a "great rate" for a PRIME borrower! The problem was everyone was giving 100% financing on $500K loans to people with very little to no credit on overstated income loans. Yeah, your gardener makes $12,000 a month. Hell, if that were true, I'd pack a mower and weed whaker into a pickup and go get a tan.

Peopel began to think it was their RIGHT to own a home instead of a PRIVELEGE! And that is just plain not the case. Now, the market is correcting, loans are adjusting, home values have declined, people are upside down because they financed 100%...and the foreclosures are skyrocketing. Now people are being reminded that it's not their "right" to own a home, but a privilege that needs to be taken seriously.

 

[Lestat]

bro, subprime was just the beginning. Now we have Alt-A and A lenders in trouble and shutting down. Grrenpoint (owned by Cap One) is done, ABC (bi option ARM co.) is gone, CountryWide had to take a huge loan and they are still in trouble. This will get worse all around before it gets better. Period.

Many people may be too young to know or remember when 9% was a "great rate" for a PRIME borrower! The problem was everyone was giving 100% financing on $500K loans to people with very little to no credit on overstated income loans. Yeah, your gardener makes $12,000 a month. Hell, if that were true, I'd pack a mower and weed whaker into a pickup and go get a tan.

Peopel began to think it was their RIGHT to own a home instead of a PRIVELEGE! And that is just plain not the case. Now, the market is correcting, loans are adjusting, home values have declined, people are upside down because they financed 100%...and the foreclosures are skyrocketing. Now people are being reminded that it's not their "right" to own a home, but a privilege that needs to be taken seriously.

yeah man, big mess right now thanks to those sublimezm loans.

 

[dead_reggin_storage_fashi]

i'm sure heatherrae will chime in with her expertise regardless.

she is a dumb fucking cunt

 

[Sub-Zero]

she is a dumb fucking cunt

lmao

 

[Lestat]

damn sublimezm mortgages!!

 

[jnevin]

she is a dumb fucking cunt

lmao.

damn