[nmh]

The GOVERNMENT needs to stay out of this.

The government promotes irresponsibility. It should NOT be up to the government to pay your mortgage. GEESH!

[flashbunny]

THERE IS NO HOUSING BUBBLE!!!!

At least that's what all the freeper housing experts said when others tried to point out the underlying problems over the past several years.

[djf]

5.12 percent of all loans. That’s one out of twenty.

Don’t be tellin me this is just a “subprime” problem and the “market is so small it can’t have an effect”

What happens if it goes to one out of five?

[Calpernia]

ping

[BlabItGrabIt]

Democrats have blamed predatory lending practices for a large part of the current problems and have introduced a number of bills aimed at helping homeowners stay in their houses.

So--This "subprime crisis" is smoke'n'mirrors for the dims to stifle free enterprise??

IT'S THE ECONOMY, STUPID RING ANY BELLS!??

[DaveArk]

What about the houses that builders have given to the banks? These don’t show up as mortgage defaults.

[Puppage]

Democrats have blamed predatory lending practices for a large part of the current problems..

Yeah, it's got NOTHING to do with people buying more house than they can afford.

[Dr.Deth]

Democrats have blamed predatory lending practices for a large part of the current problems

Typical class warfare pap from the Jackass party. I blame people not paying their bills.

[tennteacher]

I had a long conversation with a real estate broker recently. He said that this problem began with the politically motivated push to entitle all Americans to own their own homes, whether they could afford them or not. A prescription for disaster. Predictable.

[hubbubhubbub]

All these people with ARM resets due have had ample time to convert to a fixed % mortgage. They still have time. why didn’t/don’t they?

[ex-Texan]

U.S. Subprime Lenders' Financial Troubles -- A Fact Box

Condo Crisis Hits Northern Virginia: 10 Years of Inventory

Important Notice

CitiMortgage has identified certain markets with declining values that may require adjustments to LTV/CLTV/HCLTV financing limits. *

The maximum LTV/CLTV/HCLTV for the product, program, and/or documentation process chosen will be reduced by at least 5%.

We are currently not extending maximum financing on properties that are located in the counties listed below:

List is updated quarterly. Last updated July 3, 2007

________

* In other words, no more jumbo loans allowed for these areas. No more exotic mortgages. Watch these areas very carefully because inventory is very high and prices are falling rapidly.

[montag813]

Question: Why do ARMs continue to rise, while rates in general have come down quite a bit in the past 6 months?

Above: The yield on the 10-year Note

[art_rocks]

How many of these foreclosures are for 2nd/3rd homes and investment properties.

[art_rocks]

You know were all idiots. We should have been shorting the housing and mortgage company stocks.

Then we all could have been moving on up to the sky.

[right wing]

After reading this thread, I’m getting whiplash from the backlash of opposite beliefs from the so-called GOP! Please help us, Lord.

[pierstroll]

This article says, in the spring. Isn’t it higher now?