Re: wtf mortgages?
On Jan 31, 2007, at 6:31 PM, bitch@pulpculture.org wrote:
my son was told by his bank that they could get him a loan for a
house for $245k. he makes $13.50/hr. WTF?ARe these people completely off their rocker?
Jordan will tell us no.
Deliquency rates for “subprime” mortgages are rising, and several
subprime lenders have gone to the wall in recent months. But with the
Fed on hold and mortgage rates behaving, the animal spirits are
returning…