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SubPrime Mortgage Blues

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If your credit isn't the best, you might be familiar with sub-prime loans: they're the kind with a high rate for people with low credit...

Channel: News & Politics
Uploaded: April 28, 2007 at 12:11 am
Author: MoneyTalksNews

Length: 00:01:33
Rating: 4.53
Views: 28581

Tags: mortgage finance money prime loan

Video Comments:

mannyfeseha (January 5, 2009 at 11:28 pm)

thehelpfund.blogspot

EricBoisen (December 2, 2008 at 10:19 pm)

i think its so funny watching this now and hearing the last few lines lol

RottweillerRescue44 (October 19, 2008 at 3:33 am)

"Hispanics weren't being greedy, they were being had"

Quite true, and by their "friends," the Democrats.

While Obama & the Democrats were cashing their big paychecks from FannieMae & FreddieMac, McCain and 18 other REPUBLICAN Senators were loudly predicting this disaster and trying to STOP it.

Their letter (May 2006):

tinyurl (dot) com/3q6dc9
(fix the "dot")

Note that NOT ONE DEMOCRAT signed this letter.

Where was Sen. Obama that day? Running for President, too busy to give a shit.

AwakenToYourTruth (October 18, 2008 at 10:58 pm)

Without regulations, people tend to do the greediest and stupidest things. But we need the learned to lead the way. Why don't they lead us on the right path instead of the wrong one?

tellthetruthh (September 26, 2008 at 1:22 am)

HISPANICS were the major group to hold SUBPRIME LOANS. HISPANICS were given loans when other groups could not get them. Now they want to be bailed out of their mess!!!If they weren't so greedy they would not be in this situation. Most of them didn't even have SSN oe EINS.Now BUSH has made it possible for them to get bailouts without SSN or EINs!!! S0illegals aliens are milking the system again!!! While Americans pay the bill!!!

Gary1111001 (October 3, 2008 at 7:33 pm)

I worked in the mortgage ind. from 04-07. The above post is true except Hispanics weren't being greedy, they were being had.

And it wasn't just hispanics, though they are given benefits that others are not.

iamauscitizen (September 24, 2008 at 5:36 pm)

The SUB PRIME LOANS which caused this crisis in the Mortgage Industry are always in the HISPANIC COMMUNITY across the country. Who is responsible for giving the SUB PRIME LOANS TO MAJORITY HISPANIC PEOPLE?Why is PRESIDENT BUSH allowing OUR TAX DOLLARS to rescue peoples' homes who have NO SOCIAL SECURITY NUMBER!HOW can you tax or track a homeowner who has NO SOCIAL SECURITY NUMBER OR EIN NUMBER?I have a right to know.I am a US CITIZEN.I am tired of giving ILLEGAL ALIENS ANOTHER free ride!!

stinkypoon (June 28, 2008 at 1:49 pm)

I swear, if there is a bailout, I'm going to march up to capital hill.

Cubicleboy04 (July 29, 2008 at 7:03 pm)

Well, see you on capital hill...

Fredzep2k (April 27, 2008 at 10:04 pm)

Stated Income is essential for Self Employed Borrowers. Anyone who understands self employment writes off everything they can and pays themself as little as possible W2 money to minimize taxes. These folks may be more than qualified for X mortgage.

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SubPrime Mortgage Blues

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