Forums
New posts
Search forums
What's new
New posts
New media
New media comments
Latest activity
Media
New media
New comments
Search media
Members
Registered members
Current visitors
Log in
Register
What's new
Search
Search
Search titles only
By:
New posts
Search forums
Menu
Log in
Register
Install the app
Install
SportTrac Discussion
General Sport Trac Discussion
Obama admin pushing banks to offer sub-prime mortgages again...
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Reply to thread
Help Support Ford SportTrac Forum:
This site may earn a commission from merchant affiliate links, including eBay, Amazon, and others.
Message
<blockquote data-quote="Thomas Rogers" data-source="post: 963059" data-attributes="member: 60724"><p>Hugh,</p><p></p><p></p><p></p><p>What if more subprime mortgages are the result? Such agencies are just assuring that those that should get loans can get loans. If that means subprime loans for some, then so be it. Subprime loans in and of themselves were not the root cause of the crisis, not alone anyways. As long as subprime loans go to qualifying buyers and are held by the banks that loan them then the crisis of 2008 will be very unlikely in the future.</p><p></p><p></p><p></p><p>It is unlikely that the subprime crisis will happen again the way it did in 2008. The reason is that now the financial community is very, very leary and skeptical of CDOs, especially those with a large volume of subprime mortgages contained within. For this reason subprime mortgages are much, much harder to get.</p><p></p><p></p><p></p><p>TJR</p></blockquote><p></p>
[QUOTE="Thomas Rogers, post: 963059, member: 60724"] Hugh, What if more subprime mortgages are the result? Such agencies are just assuring that those that should get loans can get loans. If that means subprime loans for some, then so be it. Subprime loans in and of themselves were not the root cause of the crisis, not alone anyways. As long as subprime loans go to qualifying buyers and are held by the banks that loan them then the crisis of 2008 will be very unlikely in the future. It is unlikely that the subprime crisis will happen again the way it did in 2008. The reason is that now the financial community is very, very leary and skeptical of CDOs, especially those with a large volume of subprime mortgages contained within. For this reason subprime mortgages are much, much harder to get. TJR [/QUOTE]
Insert quotes…
Verification
Post reply
SportTrac Discussion
General Sport Trac Discussion
Obama admin pushing banks to offer sub-prime mortgages again...
Top