Subprime Lending Crisis Archives ⋆ Page 10 Of 13 ⋆ Boston Condos For Sale Ford Realty

Adjustable-rate loan resets give hint of things to come

I’ve hesitated to write this entry because I don’t know how to get across what I’m trying to say. Basically, it’s this. Over the past several years, homebuyers have taken out adjustable-rate mortgage loans in order to buy as much home as...

How to protect owners while keeping our economy healthy

subprime lending crisis

As their mortgage loan interest rates reset and/or the economy cools, a certain number of owners are going to go into foreclosure, we have to accept that fact. How to deal with that, is the question. The fear is, new government regulation will put a freeze on the...

Not everyone should buy a home

subprime lending crisis

I feel like it’s my duty, as a real estate broker and as an American, to help people. Let me be the first one to tell you: Not everyone should buy a home. Some people should rent. These people are called “renters”. People who should rent are those...

Karl Case, comedian

subprime lending crisis

I love this joke, perhaps the only one ever told about economists: Economists are great, they’ve accurately predicted nine of the past five recessions! Eh, so I can’t tell a joke so well. Karl Case, uber-economist (?), professor at Wellesley College, and...

Helping those who won’t help themselves

subprime lending crisis

So, the subprime mortgage loan crisis is getting a lot of press these days. There’s two pieces to this puzzle (?!). There are those who took out subprime loans, whose loans were fudged, either by their mortgage brokers, lenders, or attorneys, etc. The buyers in...

The scam artist and the mortgage loan industry

mortgage loans, subprime lending crisis

I’ve yet to hear of any widespread loan fraud in Massachusetts, even as the subprime mortgage loan crisis threatens our economy. Mostly, it seems as though the typical borrower took out a mortgage loan that ended up resetting to a rate that he or she could no...