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Tag-Archive for » Subprime «

What Is The Profile Of The Average Person Who Defaulted On His Subprime Mortgage?

12 Jan 2010 by .

It seems that the subprime mortgage debacle has turned out to be very serious, so much so, that it has world-wide implications. Even here in China, the Chinese are worried about it. Does it make sense to analyze this problem, to see what caused it so that it doesn’t happen again? Why don’t we start by looking at the actual person who defaults on his loan. What kind of person is he? What demographic does he fit? What is his profile?

Category: mortgage  Tags: , , , , , ,  2 Comments

How Hard Is It To Get A Mortgage Because Of Subprime Lending Issues?

02 Jan 2010 by .

I am looking to purchase my first home in the summer with my brother. We both make very good salaries, but we’re trying to steer towards an 80/20 loan. I was figuring an interest rate somewehere in the 6.5%/8.25% area for the 80/20 respectively. Also, we will both be below the 28% PITI threshold, and 36% DTI threshold. We both have great credit (both over 700), and over 5 years credit history. However, we don’t have enough for a 5% down payment in our market. Are these interest rates realistic? Is it even possible to get an 80/20 loan now due to tightenings in the mortgage industry? What would be the best way to obtain the loan, through an online site or through a mortgage consultant?

Category: mortgage  Tags: , , , , ,  7 Comments

How Us Subprime Mortgage Have Led To The Present World-wide Financial Downturn?

30 Dec 2009 by .

Hey guys, I’m still confused about how defaults in US subprime mortgage have led to the present world-wide financial downturn?

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Why Did The Subprime Mortgage Crisis Start Now ? What Triggered It ?

28 Dec 2009 by .

So I am reading about the subprime mortgage crisis and the huge number of foreclosures. I have read about how subprime mortgages are loans given to people with less than ideal credit. My question is more simple. Why did this defaulting and foreclosures happen now as opposed to, say, a few years back. Did something trigger this whole crisis now?

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How Do You Handle Your Finance When Subprime Mortgage Crisis Hit You?

26 Dec 2009 by .

If any of you have hurt by mortgage crisis, could you please tell me your story and how do you handle your finance. How much percentage did your house’s price dropped? Is it affected your lifestyle?

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How Did Bush Encourage The Mortgage Companies To Develop Exotic Loan Products For The Subprime Market?

03 Aug 2009 by .

Remember when Bush spoke of his “ownership society”? Did Bush give any incentives for those brokers and mortgage companies to create those exotic loan products, so many of which are now in default? Do you think that increased regulation could have mitigated this disaster?

Category: property abroad  Tags: , , , , , , , , ,  7 Comments

What Caused The Subprime Mortgage Crisis?

28 Jul 2009 by .

What caused the subprime mortgage crisis? In laymans terms please!
It seems like it just happened overnight – why were the homes not appreciating in value (equity), and what will happen to the owners of the homes once they have been foreclosed on and the banks go out of business?

Category: property abroad  Tags: , , , ,  7 Comments

If Mortgage Bonds Are Secured Corporate Bonds Then How Did The Subprime Bubble Happen?

18 Jul 2009 by .

I am trying to understand secure bonds and I know mortgage bonds are secured bonds,if that is the case,even if they default ,the investor should get the prinicipal back.Can someone give an explanation of this works.

Category: mortgage  Tags: , , , , , , ,  2 Comments

How Does Mortgage Fraud Affects The Subprime Mortgage Crisis?

11 Jul 2009 by .

In the actual Subprime mortgage crisis in the US huge amounts of mortgage frauds were discovered. What’s the part that these frauds played in the actual mortgage crisis ? Thanks.

Category: mortgage  Tags: , , , , ,  4 Comments