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- Does anyone know when they will start to consider the second mortgage as part of the housing debt ratio for this program?
- To paraphrase the Onion, Americans now clamor for a new bubble to invest in. Once that occurs, we can be sure to see the same cast of characters, no doubt.
- January 5 2009; I and my wife have been taken in by this company to for $1500.00. We had several phone conversations with them explaining how they was dealing with our financial problem.All false ,...
- I agree with the basic premise of the article. There's been caution all across the board. Even consumers who are still employed don't want to spend, and that means they don't want to...
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Blown Mortgage
Mortgage and finance with a sarcastic bent
According to reps from the bank Chase Wholesale is eliminating second mortgage products from its product offering. All loans need to be registered/submitted by end of business tomorrow. There has been wide concern and speculation about the value of second mortgage loan portfolios held by the big banks with the precipitous decline of housing prices [...]
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1 year ago
1 year ago
your "true" LTV is...
1 year ago
If banks are cutting off seconds NOW, it means they see significant, rapid and continued devaluation of real estate assets into the future (housing will continue to tank). After all, cutting off new seconds will do nothing to help with existing seconds that have essentially become unsecured loans.
1 year ago
Morgan