I figured out what the subprime mortgage crisis purpose is...what do you think? related questions

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I figured out what the subprime mortgage crisis purpose is...what do you think?0Kaiya2012-11-05 12:00:14
Starting with Carter's "Community Reinvestment Act" on to Obama suing Citicorp for the Congressional Black Caucus to force them to make loans to unqualified buyers... The whole agenda was to make taxpayers buy homes for people who otherwise could never afford them........ The plan was after people who could not repay their loans defaulted and foreclosures began, that would be used as a sympathy issue and more bailouts would be called for (or it would be "cruel"). Now 40% of those who were offered refis to prevent foreclosures, defaulted yet again! There were 1 MILLION foreclosures. If an average house costs $200,000, WHY DIDN'T WE JUST BUY A MILLION HOUSES AT $200BILLION INSTEAD OF BAILING OUT THE BANKS AT $700BILLION? Aren't we just being royally screwed?
Who is to blame for the subprime mortgage crisis?1elcapitain2012-09-19 16:30:04
This is something I found online ... I think it sounds pretty conservative biased ... let me know what you think: MedlinePlus MedlinePlus 1997 MedlinePlus MedlinePlus Fannie Mae is a GSE ( government sponsored entity ) regulated by Congress . ? Fannie Mae buys mortgages from other companies. MedlinePlus ? It is backed by taxpayers for all losses , but keeps all profits . MedlinePlus ? President Clinton loosens Home Loan Requirements . MedlinePlus MedlinePlus 1998 MedlinePlus Banks ? Start making thousands of bad loans , 0 down , no documentation , for 120% ! ( 1998
Would the subprime crisis happen if property supply did not grow so fast or high?2Alyssa Pacheco2012-11-03 10:19:03
subprime was doing so well and the houses were built , right? MedlinePlus ates of interest and then went to the monthly payments or anything like that , and basically monthly payments soared. and other things that eventually led many subprime borrowers to keep their payments and foreclose on their homes ? MedlinePlus MedlinePlus what investors thought property values ​​always go up . subprime mortgages were traded on the market . but the value of homes dropped because too many houses , more executions , and the houses lose value relative to the initial assessment . their actions are perceived to be worth less . lowers confidence and people sell sell sell . yes ? MedlinePlus MedlinePlus Well, I do not understand why sell sell sell lead to the collapse of a company , but that's a different issue . if you do, then my question is, what happens if the subprime households still taken back by the lenders did not lose value ? if the initial loan was $ 100,000, and until the borrower has returned $ 10,000 ( whether principal or interest ) , then by default and the lender takes the house and the house is worth $ 90,000 and the manages to sell at that price , then what is the problem than nonprofit are doing ? MedlinePlus MedlinePlus
Do Right-wingers Simply Lack the Intellectual Development to Comprehend the Causes of the Subprime Crisis?1Shakespear2012-11-06 01:52:03
The propagandists of the bankers (ie Faux News) wants to promote a simplistic explanation, no sense of the financial crisis that does not bother to examine the capitalist system. Instead, they want to blame the "do good" Democrats forcing our dear and trusted bankers to write mortgage loans to poor people who could not afford those houses. What nonsense fairy tale! MedlinePlus MedlinePlus Who remembers a time when people were rushing to exploit poor bankers are required to write mortgage loans? I have friends who earn very meager still living in the same apartment old shit they did 10 years ago. I'm more politically involved and have never heard of any program that would have allowed these wonderful friends to buy houses. Why are people still stuck paying exorbitant rents on apartments of shit when they could have bought wonderful houses instead? MedlinePlus MedlinePlus And we're not talking about a couple of my personal friends. These are apartment communities are huge and filled with tenants who work relatively low pay. No "do good" Democrats were demanding affordable rental properties for these people. During the peak of the bubble of low-income people who supposedly could have bought a house for $ 175,000 for the same amount they were paying in rent apartment in ruins MedlinePlus dangerous neighborhoods. But I do not know anyone who made that purchase. MedlinePlus MedlinePlus In contrast, and as we all know, was middle-class people with good incomes who moved in newer homes and larger. He was wealthy investors who were gobbling properties and then "flipping" them weeks later. That's the story we all remember. MedlinePlus MedlinePlus The fact that the collapse of the housing bubble is that most defaults came from the middle class. The poor never were buying homes they could not afford the demands that Democrats did the bankers. That never materialized claim until long after the crisis broke out and was looking right BS explanation that would exonerate the bankers while blaming the liberals and the poor. MedlinePlus MedlinePlus As we all know, the bankers were getting really filthy rich during the entire housing bubble. Shares of Countrywide Financial, Goldman Sachs, Merrill Lynch, Lehman Brothers were all flying to new highs almost daily as record quarterly earnings became a regular event. MedlinePlus MedlinePlus Furthermore, the amount needed to bail out bankers exceeded the value of the properties in default. In fact, the bankster bailout requires more money than it would have been necessary to pay the mortgage each and every credit card for all Americans. MedlinePlus MedlinePlus What's more, the crisis is global. How is it possible that a few million dollars in bad loans for middle class Americans in homes secured by the property itself could have brought the entire world capitalist system to collapse? MedlinePlus MedlinePlus No, no. There must be a rational explanation and depth of the crisis that the bankers and their propagandists want the public to know. The bankers were involved in a MedlinePlus highly leveraged Ponzi scheme with MedlinePlus many with Enron-style accounting tricks off-balance. MedlinePlus * At the time of the crisis, only $ 11.5 trillion were paid all mortgages and every credit card for all Americans. However, the rescue is now over $ 18 trillion. Why banks need more bailouts money than they actually have a debt?
Subprime mortgage essay help? feedback and help. thanks :)?0vinita mahto2012-09-06 10:19:07
The subprime mortgage crisis was the collapse of the U.S. housing market , which was caused by massive defaults in the U.S. housing mortgages in the face of a sharp decline in housing prices in the United States. All this happens when irresponsible lenders start lending to irresponsible people , which is sub -prime mortgage, a type of loan to people with bad credit history . The crisis was caused by a "housing bubble " housing overvalued by easy credit and speculation house. This is also related to a crisis in pension funds worldwide , as many of them have invested in the U.S. housing market . MedlinePlus Subprime mortgages carry a higher risk for lenders , due to the fact that many of the homeowners who have loans in default . Lenders know that if you lend money to people who can not afford to pay , so in other words , is expected to go into default . However, knowing as they know it , what they do is , charge interest rates to borrowers. MedlinePlus If you were to ask who
How hard is it to get a Mortgage because of Subprime Lending issues?4please help...thank you2012-10-15 09:28:03
I'm looking to buy my first home in the summer with my brother . Both make very good salaries , but we are trying to head for a loan of 80/20 . I was thinking somewehere an interest rate at 6.5 % / 8.25% area , respectively , for the 80/20 . Also, the two will be below the threshold of 28% PITI and 36 % DTI threshold . We both have great credit ( both over 700 ) , and history of more than five years of credit. However, we do not have enough for a down payment of 5 % in our market . Are these real interest rates ? Is it possible to get a loan for 80/20 now due to tightening in the mortgage industry ? What would be the best way to get the loan through an online site or through a mortgage advisor ?
Would a reverse ARM be helpful in resolving the subprime mortgage problem?0dontae2012-10-27 19:30:04
The big problem seems to be the people defaulting on their mortgages , leading to exclusion and losses for banks. MedlinePlus What if banks offered to take 20% of the mortgage amount and put it in an account accruring interest free loans , mortgage payments based on the balance of 80 % in the high interest rate , allow the homeowner to make payments to pay the optional 20% to qualify for low interest rates of the mortgage to 80 % , would it be helpful to keep these mortgages viable? MedlinePlus Will this help to avoid a taxpayer bailout of the financial system ?
How difficult is it to get a mortgage these days, post-subprime collapse? Am I qualified to get one?0Brittany snow2012-10-19 10:20:15
I live in the Philadelphia area . I have two jobs (one full time job I've been in over a year , and a part-time job for extra money ) and an annual income of approximately $ 32,000. MedlinePlus MedlinePlus Overall, my credit is good . My TransUnion Equifax + scores are in the 720-730 range . My Experian score is in the 690-710 range because of a long public trial since 2002 that has been paid in full since 2003 ( the bug only appears on my Experian report ) . I have a good mix of credit and paid all current / time. I have several credit cards ( all cards paid in full to zero ) , paid off a personal loan , a car loan ( I owe only $ 7K of the original $ 26K , is a loan 6YR I've had for 2.5 yrs now ) , and a student loan ( I owe just under $ 10K , . my payments are $ 105/mo ) MedlinePlus MedlinePlus Could "manage " a mortgage or you get rejected ? Right now I'm paying over $ 900/mo for a 1-bedroom apartment , which I think is frankly bs I have hopes of getting a house that costs between $ 140 - 180K . What do you think ?
Govt proposing Freeze on Subprime Interest rates is it Fair or not to all Mortgage holders and who should pay?2jenae2012-11-04 03:37:03
Note that while blame the banks that gave loans to bad credit holders , our government told them to " Get Low income and all homeowners for the first time in their first home ." Also, keep in mind that people who apply for these loans knew their loans " may " up and if mortgage lenders do not explain this to you , as owners try to play "dumb " now . MedlinePlus MedlinePlus Note that many people combine high credit card balances , car loans and has all the extras in the new homes that could omniscient was soft loans in their new home and now that rates have climbed " Ut oh " and now expect the government to rescue them. MedlinePlus MedlinePlus In developments , real estate personnel to pre - approvals know they can not pay all the "extras " in the new homes , however , continued in their " low interest loans " , knowing they would get the benefit was committed, of course , the end result is the homeowner knows that eventually have to pay for these extras .
U.S. Mortgage Crisis ?0Whitney2012-10-02 02:45:03
I know these educated scholars operation of the Federal Reserve and banking is going to jail for this? This began long before George Bush took office and any educated person who has witnessed the history of America in the last 25 years knows. He had to have begun in the Clinton administration and before. Things did not careen out of control with the economy as fast in a country or an economy as large especially the largest on earth. Already in the early 1980s when we had a mortgage melt the oil business went south also, anyone remember that? History repeats itself. There must be people who got rich giving ARM loans to people without being stated income or if they could give their payments if rates go something like arise. Tell companies were not so stupid to say hey this guy makes $ 50,000 a year in revenue and we are funding a $ 500,000 for a 3% down payment. That makes no sense. LAS VEGAS look poor or California Housing markets how people can lose 50% of home values ​​overnight. They were too expensive for the market when they were selling. They must keep the banks, realtors, and regulators responsible for this. They should be sentenced to between five and 50 years minimum for leaving the devastation of the American people in the housing market. They must also be financially responsible for returning any money they have made these poor ignorant people less educated, just not fair. There must be rules and laws inacted to protect people with less education or who simply do not know any better. Not everyone is going to a major university or Harvard, Yale or Stanford. I believe that if Congress got behind a punishment phase after the rescue of financial institutions that have little chance of that happening again. We must be able to fund and not worry about the price going up in three years. When we bought our first house was 15 or 30 years, what he wanted and he knew what the fixed payment was 360 months. Do not worry. What American Finance survived to this day. PURE shame! GOD BLESS AMERICA!
Do I have the SOLUTION to the mortgage crisis?3raeneshia2012-08-24 16:18:02
First, I am not a socialist. Normal. Secondly, I think I have a plan to resolve the mortgage and credit crisis and leave everyone a winner. 1. Government mortgate purchase bad debt (already happening). 2. Government buys mortgate debt for good, at the option of the borrower (if you want participtate in this plan I have). 3. Government turns everyone a title, free and clear their goods at home. 4. Government imposes a tax of 50% of the typical mortgage payment the borrower had. This tax extends to the director (not main interest +) is paid. Note:. For people who were on floating rate loans interest, we find the payment standard before things went crazy, and have to pay 50% of the Why all this works. A typical mortgage is 30 years and you end up paying about 3 times the price of your home, if you count the interest. If you can pay 50% of your monthly payment over 20 years, which will cover the main part of your loan and still have plenty of cash left over to reduce the debt of others or to make new purchases. Think about it. Let's say your mortgage payment is $ 2,000 a month and finance are very disciplined (which might have the credit card debt too). If someone gave him the title and took a 20-year fiscal commitment to pay $ 1,000 per month, then not only that you have equity, but if you stay in your house where the other $ 1,000 would be used to pay in mortgate released for other things. Is this socialism? Yes, a little, but perhaps a necessary move, a one-time event to clean up this mess. If you hear any of the candidates propose something like this, I heard from Mr. Liberty in the first place. Think this might work? Thoughts?
Mortgage crisis question?0Bhagya2012-11-04 19:21:27
I am confused about the mess these mortgage companies have made. Why did they even loan money to people who they knew were a credit risk, knowing full and well these people would not be able to afford an adjustable rate mortgage and would have to foreclose. Did the mortgage companies make that much money on these loans to be able to risk foreclosure?

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