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raccoon (1000+ posts) Send PM | Profile | Ignore | Mon Mar-28-11 08:54 AM Original message |
Question about real estate bubble. When banks were approving all these |
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RegieRocker (1000+ posts) Send PM | Profile | Ignore | Mon Mar-28-11 09:05 AM Response to Original message |
1. Most of the failures on loans were from qualified loans to people that |
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Lance_Boyle (1000+ posts) Send PM | Profile | Ignore | Mon Mar-28-11 09:07 AM Response to Reply #1 |
2. BS. If this was true |
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RegieRocker (1000+ posts) Send PM | Profile | Ignore | Mon Mar-28-11 09:16 AM Response to Reply #2 |
5. You've been duped. It's the opposite, the loans you're talking about |
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badgolfer (153 posts) Send PM | Profile | Ignore | Mon Mar-28-11 09:25 AM Response to Reply #2 |
9. Whose lying? |
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NutmegYankee (1000+ posts) Send PM | Profile | Ignore | Mon Mar-28-11 09:32 AM Response to Reply #2 |
13. The housing troubles started with those loans. |
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badgolfer (153 posts) Send PM | Profile | Ignore | Mon Mar-28-11 09:13 AM Response to Original message |
3. mortgage scams |
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RegieRocker (1000+ posts) Send PM | Profile | Ignore | Mon Mar-28-11 09:18 AM Response to Reply #3 |
7. Minuscule not worth the breath. The true crime was derivatives. |
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Edweird (1000+ posts) Send PM | Profile | Ignore | Mon Mar-28-11 09:15 AM Response to Original message |
4. I don't know anyone that took on such a mortgage. |
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Dappleganger (1000+ posts) Send PM | Profile | Ignore | Mon Mar-28-11 09:17 AM Response to Reply #4 |
6. I know of entire neighborhoods which were built on such loans. |
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RegieRocker (1000+ posts) Send PM | Profile | Ignore | Mon Mar-28-11 09:21 AM Response to Reply #6 |
8. The op was implying that the problem was from loans that people |
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Dappleganger (1000+ posts) Send PM | Profile | Ignore | Mon Mar-28-11 09:30 AM Response to Reply #8 |
12. Most of theose loans in our immediate area where to small biz owners. |
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Edweird (1000+ posts) Send PM | Profile | Ignore | Mon Mar-28-11 09:45 AM Response to Reply #6 |
14. The OP is talking about people misrepresenting their income |
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mrcheerful (1000+ posts) Send PM | Profile | Ignore | Mon Mar-28-11 09:30 AM Response to Reply #4 |
11. Don't leave out how these loans were bundled then sold, which caused the interests on said loans |
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BeFree (1000+ posts) Send PM | Profile | Ignore | Mon Mar-28-11 09:27 AM Response to Original message |
10. yes |
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tjwash (1000+ posts) Send PM | Profile | Ignore | Mon Mar-28-11 09:50 AM Response to Original message |
15. No...the ARM and interst only loans that folks got burned on, had actually been around for decades |
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