February 28th, 2010 | 
Author: Second Wave Of Mortgage Defaults
Posted in Mortgage Trend | 
Tags: 60, America, Bailout, crash, defaults, estate, minutes, mortgage, mortgage defaults, of, Real, second, second wave, wave
Mortgage Trend
Mortgages Banks Rates Trends and Programs
Posted in Mortgage Trend |
Tags: 60, America, Bailout, crash, defaults, estate, minutes, mortgage, mortgage defaults, of, Real, second, second wave, wave
Theres plenty of vultures out there.
Hell yes .. I wondered why the bubble was shrinking so slowly.
Now we know.
Hang on folks, this is gonna make sub-primes look like a good deal
How long is this going to be on here until they pull it due to some lame excuse? I hope enough people seen this to slow the process enough so that we don’t get hit so very hard.
I hope that people figure out what really happened and who is responsible for this depression. These bankers have endangered the United States more than any terrorist cell with a atomic bomb could have. They are traitors to their country and we know what the penalty for treason is.
2.4 million forclosures expected this year on top of the 2 million that occured last year.
On top of that, add in thousands of companies that have basically been turned into debt bombs by private equity groups(leverage buyout kings). A large percent of those companies are so riddled with unpayble levels of debt that they are gonna go poof in the next 2 years. And those job losses are just going to make housing even more of a nightmare.
A million times worse than a terror attack!
This is dated 12/29/2008. Not new.
The USA is unreformable and subject to collapse just like the USSR. That will be sad for alot of people when it happens.
That is the silliest comment that has ever been posted to youtube. The majority of Americans don’t even know about this, so IT IS NEW TO THEM! Some people are such sheep. This is just a warning of things to come. I remember Peter Schiff telling people about the housing collapse in 2006. I guess people like you would sit there and say “old news”. That is just an ignorant statement!
If you would like a special task to broaden your understanding of things, pretend that you are going to buy a house. You will see that the banks are holding on to the houses. Prices aren’t dropping as fast as they should.
The banks always win in the real estate industry.
chrisholley1975, If YOU think “That is the silliest comment that has ever been posted to youtube…”, then who is more ignorant?
So in other words there’s too many scum sucking bastards in the world.
You are right. I stand corrected. That is the silliest argument I have ever seen on youtube where a person “tried” to apply reason. The end result is the same, you failed in that quest and truly showed your ignorance.
chrisholley1975: You got a black eye and a broken nose in a fight you started, yet you still claimed victory.
Considering your ability, you should take it as a complimentwhen people call you ignorant.
myclicks Your post is dated 1/16/2010 8:09pm, an hour ago. Not new. therefore inxalid.
Now do you see how completely stupid your original post was?
Leave it to 60 Minutes to fail to report one of the most important aspects of Option ARM loans: They are “negatively amortized” and GROW in size. Not only will their payments skyrocket after the resets, the borrowers will owe up to 25% more than when they started, and most likely put them very deeply underwater on their equity position. How could they fail to explain this? In other words, it’s much WORSE than what this video is suggesting…..