The Home Equity Theft Reporter: Senior Citizens, Retirement Funds Victimized By Subprime Lending Mess

The Home Equity Theft Reporter: Senior Citizens, Retirement Funds Victimized By Subprime Lending Mess

Subprime lending. As I understand it, the hedge funds that package and resell these loans are extremely leveraged and AFAIK, that’s what is causing the ripple effect through the credit markets. This kind of lending allowed people who were not very credit worthy to get into a house with as little as 5% down.

Testimony submitted by Home Equity Lender Leadership.. by some lending companies to rip off our senior citizens, there is. They make money by stripping, flipping and packing the.. and that subprime lenders are in fact providing a service to those.. There are two categories of home equity theft.

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all citizens was expected to elect governments that would act in society's.. by saving in mutual funds or investing in pension funds to.. By 2008 the ratio of home equity ownership to mortgage debt had. Fred Harrison, the British economics journalist, summarizes how.. subprime funds anymore.

Long-term mortgage rates fall, break 9-week rise PERT Florida Real Estate School US long-term mortgage rates fall; 30-year at 4.57 percent WASHINGTON (AP) – Long-term U.S. mortgage rates fell this week, marking their third decline in the past four weeks after increasing last week.

Predatory Lending The practice in which a loan is made to a borrower in the hope or expectation that the borrower will default. A lender may have an incentive to commit predatory lending if he/she receives a commission for each loan made (regardless of creditworthiness), or if the lender easily can bundle and sell the mortgage to a third party, passing.

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