To: Hydroshock
Subprime loans for people with credit scores of 600 or less? Forget it. The standards have been tightened to the point that subprime mortgages, 20% of the mortgage market last year, are a thing of the past. Also gone are a variety of products ranging from "no-money-down loans" with low teaser rates to interest-only mortgages that increase the amount owed to the lender over time. The banks are doing these people a favor, saving them from themselves.
To: Aquamarine
20 posted on
08/24/2007 11:33:38 AM PDT by
cinives
(On some planets what I do is considered normal.)
To: Aquamarine; TopoGigio
Some Demos are already talking about the Government coming in to this and helping homeowners. I would be against Government throwing money to individuals, but perhaps there is a way for the FED to assist on a more indirect level?
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