Subprime Lending Crisis Archives ⋆ Page 6 Of 13 ⋆ Boston Condos For Sale Ford Realty

This ‘worse’ I can handle …

So, the nation has a glut of residential real estate inventory. So, credit underwriting regulations have tightened, making it hard for those with blemished credit histories from getting loans. So, inflation continues to rise higher, unrepentant. So, the Wall Street...

Subprime worries grip nation – except for you-know-where

subprime lending crisis

From yesterday’s Times: While much of the country has been worrying about foreclosures on subprime mortgages, researchers the Furman Center for Real Estate and Urban Policy at New York University found last month that only a tiny fraction of Manhattan...

Reasonable man begs for attention: credit crisis demands drastic measures

subprime lending crisis

Lou Barnes is about ready to jump out an office building’s window, I think. He’s totally freaking out over the credit / lending crisis, fearing we are in for tough economic times, unless someone does something. Fast. Like, Depression. And he doesn’t...

The Globe doesn’t name names when blaming lenders

subprime lending crisis

There’s a Globe editorial out today criticizing subprime lenders (you know, the guys who did the unthinkable – allowing Americans to buy their own homes!). Mortgage originators who specialize in subprime loans are the buffalo hunters of the financial...

Borrowers don’t know what they borrowed

subprime lending crisis

A national survey of 500 adjustable-rate mortgage borrowers found that 73 percent don’t know how much their monthly mortgage payment will increase the next time the rates go up. The survey, which was conducted for the AFL-CIO labor union, indicates that...

States’ subprime exposure differs by market

subprime lending crisis

From yesterday’s Journal: – click on image for larger size Wow. You can see how different markets were hit differently by subprime loans. Riverside, California, how’s things going? Source: The United States of Subprime – By Rick Brooks and...