whos holding the mortgage loans?

Wouldnt surprise me about countrywide... I sent alot of folks over there that we couldnt get approved. They always came back approved but with a shite rate =)
 
Quote from 2ez:

I bet combining Subprime and Alt-A, you have an estimate close to that number.....

it's been reported that Subprime was over 20% of all mortgages
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2ez...he's just arguing something he has no idea about and hasn't bothered to check up on. The fact that he worked for them a few years ago makes him an expert...too funny. The number is 45%, or so they say. I wouldn't be surprised if it were higher. :D
 
Quote from monistat7:
even if they did, the gross dollar amount would represent a much smaller percentage because lenders arent going to lend out huge mortgages to weak borrowers.
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Okay, just one more thing because you say such stupid stuff.

Uh...75% of Alt-A loans written in 2006 were written in CA, FL, AZ, and a few other places...how small are the loans you think in CA, FL, and AZ? You're right...jumbo($417k+) is way more money than it costs to buy houses in those places...silly me! :p
 
Quote from blast19:

2ez...he's just arguing something he has no idea about and hasn't bothered to check up on. The fact that he worked for them a few years ago makes him an expert...too funny. The number is 45%, or so they say. I wouldn't be surprised if it were higher. :D
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Common sense tells me that the number is much higher than the 20% I just posted.....i am talking subprime alone.

Every other article written mentions the issues with subprime mortgages. It must be a significant number.
 
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