Mark Hanson is a seasoned mortgage banking veteran that during his career specialized in wholesale and correspondent sales, operations management, and bringing financial institutions into new lending markets. His primary focus was on residential mortgages working closely with most mortgage and Wall Street investors.
Since 2006 he has worked as an independent real estate, finance, and related sectors analyst, consultant, strategist, and risk ‘enlightener’ to the financial services sector.
His years of real-life experience, extensive on-the-ground research, and absolutely unique leading looking proprietary data has led him to make an extraordinarily large number of early and accurate predictions about the ‘great mortgage and housing meltdown’ and company-specific events. Coverage
Housing, finance, related sectors, long/short equities, distressed real estate, residential credit specializing in Subprime, Alt-A and Prime, analysis, and strategy, foreign housing.
...When Mark sees a trend, you might take note...
The banks lending to purchase homes?
The banks won’t even sell the houses on their books (that they probably don’t legally own anyway) for cash on the line.
Uncle Sugar won’t let them.
And pays his whores well enough to keep them in nice clothes and fancy cars.
So houses and neighborhoods rot, and the Rats rule.
Mark is full of it. Why are you shilling for him? Are you him?
The debacle that is the U.S. housing market is far from over. Before this mess is rectified, people like "Mark" will be lucky if they're not decorating lamp posts.
Just sayin'.
Right now the banks are only acting as brokers for Fannie & Freddie. What bank in their right mind would lend their own money long term at today’s interest rates?
We sold our home last year and moved to Palm Springs. I’ve never dealt with Wells Fargo in my life but went in to apply for a mortgage after putting 20% down on our offer. I’m on social security with a small pension as only income. We don’t have credit card debt or a car payment, and have paid our bills on time over the years. Our loan for 200K was approved in about 15 minutes. No appraisal was even required. I paid 1 point to get a 4% 30y fixed rate loan. It couldn’t have been easier.... and I’m just a regular guy.