Damn ,didn’t any of you see ..The Big Short. Housing sells are booming in sub prime mortgage market.They are doing this shit all over again. This time it’s the FHA they are using to guarantee these loans.
Somebody on wall street will figure out how to make godzillions of dollars off this scam and do it legally.
Realestatepup
July 26, 2016 9:06 pm
bb, I just watched it today. Speaking from the perspective of someone who sells realestate, and 99% of that is foreclosures, I am waiting for the next bubble to pop.
The vast majority of buyers ARE using FHA, which has just lowered the downpayment requirement from 3.5% to 3%. Which means the PMI (private mortgage insurance) required to bridge the gap just went UP 5%. Do the math. On one home, that is maybe not so much, but on millions of homes?
Yeah, be afraid. Be very afraid.
Cash investors, start warming up the checkbooks for the next round
rhs jr
July 26, 2016 10:20 pm
Sub-sub-prime mortgages, car loans, student loans…somebody should go to jail for what this is going to cost the taxpayers this time; it’s like nobody didn’t see nothing coming this time? Vote for Trump and maybe the federal government can be turned on the bad guys like for the first time since “The Untouchables”.
Boat Guy
July 27, 2016 7:08 pm
The fact that people can get 100% mortgage on dam near anything if they can fog a mirror and then start using any cintella of equity like their home is an ATM card and the banks and people are ignorant or stupid enough to do or allow it Tuff Shit . My wife and I have watched this bubble/burst economy go through its cycles enough and always sitting on the side attempting to point out the pit falls of not being responsible with your finances and we have had plenty of issues but by not over extending or living up to our full income potential we always managed now we find we are the ones who ultimately get the bill for all the fuck ups and those in the banking sector get bailed out with bonuses by devaluing our life savings ! I hope the band of fools can live with what they have done because our dog has more integrity then our politicians that stood by and did this to us . That includes you Mr President Obama , glad your wife is finally proud of something . My wife and I have a pair of dunce caps for you two when you find yourselves in your corner of history . I know it’s not all your fault when your surrounded by idiots who keep telling you how great you are you start to believe it , your exploits and responses make that obvious . Remember when the ship hits the rocks it’s the captain who is responsible . No finger pointing now Barry !
Administrator
Author
July 28, 2016 12:02 pm
New low. WINNING!!!!
[img[/img]
Bea Lever
July 28, 2016 12:15 pm
Future plan for Merika is the soviet style stack and pack high rise owned by the state, why worry about homeownership?
Damn ,didn’t any of you see ..The Big Short. Housing sells are booming in sub prime mortgage market.They are doing this shit all over again. This time it’s the FHA they are using to guarantee these loans.
Somebody on wall street will figure out how to make godzillions of dollars off this scam and do it legally.
bb, I just watched it today. Speaking from the perspective of someone who sells realestate, and 99% of that is foreclosures, I am waiting for the next bubble to pop.
The vast majority of buyers ARE using FHA, which has just lowered the downpayment requirement from 3.5% to 3%. Which means the PMI (private mortgage insurance) required to bridge the gap just went UP 5%. Do the math. On one home, that is maybe not so much, but on millions of homes?
Yeah, be afraid. Be very afraid.
Cash investors, start warming up the checkbooks for the next round
Sub-sub-prime mortgages, car loans, student loans…somebody should go to jail for what this is going to cost the taxpayers this time; it’s like nobody didn’t see nothing coming this time? Vote for Trump and maybe the federal government can be turned on the bad guys like for the first time since “The Untouchables”.
The fact that people can get 100% mortgage on dam near anything if they can fog a mirror and then start using any cintella of equity like their home is an ATM card and the banks and people are ignorant or stupid enough to do or allow it Tuff Shit . My wife and I have watched this bubble/burst economy go through its cycles enough and always sitting on the side attempting to point out the pit falls of not being responsible with your finances and we have had plenty of issues but by not over extending or living up to our full income potential we always managed now we find we are the ones who ultimately get the bill for all the fuck ups and those in the banking sector get bailed out with bonuses by devaluing our life savings ! I hope the band of fools can live with what they have done because our dog has more integrity then our politicians that stood by and did this to us . That includes you Mr President Obama , glad your wife is finally proud of something . My wife and I have a pair of dunce caps for you two when you find yourselves in your corner of history . I know it’s not all your fault when your surrounded by idiots who keep telling you how great you are you start to believe it , your exploits and responses make that obvious . Remember when the ship hits the rocks it’s the captain who is responsible . No finger pointing now Barry !
New low. WINNING!!!!
[img
[/img]
Future plan for Merika is the soviet style stack and pack high rise owned by the state, why worry about homeownership?