Comments on: Tougher Than FHA

By: Orlando Realtor

Orlando Realtor — Sun, 19 Apr 2009 23:15:11 +0000

Why, not? Half of Congress takes bribes and payoffs, take their sweet time, while we “eat cake”

By: Angela

Angela — Tue, 31 Mar 2009 01:21:12 +0000

Orlando, and the problem with these arms and the ability for these borrowers to get out of it is the lenders approved (you notice how I say lender not broker?) and qualified them on the interest only payment (God I hope it wasn’t a stated deal too!) and not the fully amortized payment or at the least dislcose worst case when the libor would adjust and qualify them at the cap rate. We are in big trouble and we have only just begun.

By: Orlando

Orlando — Wed, 11 Feb 2009 13:56:25 +0000

This is just the beginning unfortunately there is $500 billion in Option ARM’s that will be resetting interest rates and/or reached 125% cap on loan to value ratio very soon.
I believe that we will see some severe declines in housing values in next 12 months. This industry is getting the hose….

By: DON GRIFFITH

DON GRIFFITH — Tue, 10 Feb 2009 17:41:50 +0000

I used to get your publication FHA Mortgage Guide but somehow got deleted from your e-mail file. Would like to get added back as I think the publication is very well done and useful. Our company does FHA, VA and regular mortgages but I specialize in the FHA HECM Reverse Mortgage program.

By: Orlando

Orlando — Tue, 10 Feb 2009 16:51:09 +0000

Just wait until the 7 and 10years ARMs are due on some of these overpriced homes!!! We will really be hosed then!! =o(

By: VP

VP — Sun, 08 Feb 2009 17:37:48 +0000

Where is the middle class going to end up? gone. Their getting squeezed, you either have or have not.
Loans are not even easing up with the bankout- Where is my bailout?