Banks Held Mortgages On Their Balance Sheets As Derivatives Securities
March 31st, 2008
Vicious Cycle For Borrowers As More Mortgages Are Withdrawn
Jpmorgan Memo Shows Dirty Tricks Of Mortgage Trade
Leaked Memo Shows "Cheats And Tricks" Used To Give Out Unqualified Mortgages
Clash Over Mortgage Mess
New Regulations May Come Too Late To Clean Up Minnesota's Mortgage Mess
Rising Mortgage Rates Bully Daytona Beach Company Into Ch. 11
Subprime Mortgage Crisis Wallops Regional Charity
Democrats Prod Bush On Mortgage Crisis
.. ..the bank doesn't want you to default on your loan, and them have to repo your house.. ..a bank who holds the loans would have just the opposite incentive.. ..if bosses are encouraging such things then they too are wrong.. ..mortgage brokers and agents shouldn't game the system.. ..there are some banks who don't hold the mortgages so their incentives might be closer to that of the mortgage broker.. ..a mortgage broker might have alot of reasons to sell loans to crappy customers.. ..I don't want to lose my home...so I probably should only mortgage what I can pay.. ..the concept that an automated system gives you a go or no is just crappy.. ..if your rating comes back way in the NO category, obviously you have little to no chance.. ..
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