http://www.denver-lender.com/mortgage/ben-steins-take-on-the-market/ Denver Mortgage Loans and Denver Home Equity Loans Wed, 21 Jul 2010 04:06:41 +0000 hourly 1 http://wordpress.org/?v=3.0 http://www.denver-lender.com/mortgage/ben-steins-take-on-the-market/comment-page-1/#comment-37154 Joe Prussack Thu, 06 Sep 2007 07:39:58 +0000 http://www.denver-lender.com/2007/08/28/ben-steins-take-on-the-market/#comment-37154 Another great article by Mr. Stein that puts an historical perspective on the current mortgage crisis. Unfortunately this credit crunch is a reality for borrowers with good credit seeking jumbo loans, second mortgages and cash out refinancing between 80 and 100%. Yes interest rates are still low for high fico full document borrowers seeking refinancing terms below 80%. Too bad that niche helps less than 20% of homeowners. Mortgage programs need to be carefully repaired so the secondary market starts buying loans again and lenders can find their confidence. Another great article by Mr. Stein that puts an historical perspective on the current mortgage crisis. Unfortunately this credit crunch is a reality for borrowers with good credit seeking jumbo loans, second mortgages and cash out refinancing between 80 and 100%. Yes interest rates are still low for high fico full document borrowers seeking refinancing terms below 80%. Too bad that niche helps less than 20% of homeowners. Mortgage programs need to be carefully repaired so the secondary market starts buying loans again and lenders can find their confidence.

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