http://www.denver-lender.com/mortgage/what-happened-to-the-mortgage-industry/ Denver Mortgage Loans and Denver Home Equity Loans Tue, 14 Sep 2010 12:24:23 +0000 hourly 1 http://wordpress.org/?v=3.3.1 http://www.denver-lender.com/mortgage/what-happened-to-the-mortgage-industry/comment-page-1/#comment-37143 philleto Mon, 13 Aug 2007 18:54:01 +0000 http://www.denver-lender.com/2007/08/06/what-happened-to-the-mortgage-industry/#comment-37143 What exactly will dropping the (i'm going assume you mean the PRIME rate) rate do for everyone? What exactly will dropping the (i’m going assume you mean the PRIME rate) rate do for everyone?

]]> http://www.denver-lender.com/mortgage/what-happened-to-the-mortgage-industry/comment-page-1/#comment-37142 TJ Mon, 13 Aug 2007 15:41:44 +0000 http://www.denver-lender.com/2007/08/06/what-happened-to-the-mortgage-industry/#comment-37142 Smell some more of that coffee folks and ask yourself. Wwhat started this whole mess in the first place. It was the government regulators who steped in and imposed regulation which shut off the flow of dollars to the subprime market. They went in with their oh so common finger pointing and blame techniques. They did this to us and convinced us all under the guise of “predatory lending, Fraud” and ohhhhhh, dont forget “High Foreclosure Rates” When in fact the exact opposite was true, mortgage backed bonds , the industry and the housing market as a whole was making plenty of money. Tell me, do you see a problem with a very low 1-3% foreclosure rate in an up trending real estate market, a market in which the value is more than the foreclosed loan amount? Or in comparison to a trillion dollar mortgage market where huge amount’s of profits are being made by everyone? We now have, so like the like the democrats, the government throwing billions dollars away thinking that they can fix the problem they caused, I think NOT! The government regulators only goal was to pop the housing bubble and to take control over the entire trillion dollar mortgage market through FANNIE AND FREDDIE MAE and FHA. I ask, doesn’t that sound like fun to have these same people in control of the market? It is the government regulators who are not only Predatory but Fraudulent and Reckless in there control over the mortgage lending market. Their interventions and action’s have cause this self fulfilling prophecy, they will only burn the place to the ground if people don’t wake up and put a stop to it. It is because of their reckless and fraudulent actions that a lot of good educated people will wind up paying the price. Learn to read between the lines people and stop allowing the Government to protect you from yourselfs. I say the feds need to drop the rate by 1bbs but no....they step back and wont do a damn thing! Smell some more of that coffee folks and ask yourself. Wwhat started this whole mess in the first place. It was the government regulators who steped in and imposed regulation which shut off the flow of dollars to the subprime market. They went in with their oh so common finger pointing and blame techniques. They did this to us and convinced us all under the guise of “predatory lending, Fraud” and ohhhhhh, dont forget “High Foreclosure Rates” When in fact the exact opposite was true, mortgage backed bonds , the industry and the housing market as a whole was making plenty of money. Tell me, do you see a problem with a very low 1-3% foreclosure rate in an up trending real estate market, a market in which the value is more than the foreclosed loan amount? Or in comparison to a trillion dollar mortgage market where huge amount’s of profits are being made by everyone? We now have, so like the like the democrats, the government throwing billions dollars away thinking that they can fix the problem they caused, I think NOT! The government regulators only goal was to pop the housing bubble and to take control over the entire trillion dollar mortgage market through FANNIE AND FREDDIE MAE and FHA. I ask, doesn’t that sound like fun to have these same people in control of the market? It is the government regulators who are not only Predatory but Fraudulent and Reckless in there control over the mortgage lending market. Their interventions and action’s have cause this self fulfilling prophecy, they will only burn the place to the ground if people don’t wake up and put a stop to it. It is because of their reckless and fraudulent actions that a lot of good educated people will wind up paying the price. Learn to read between the lines people and stop allowing the Government to protect you from yourselfs. I say the feds need to drop the rate by 1bbs but no….they step back and wont do a damn thing!

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