subprime – Angrywoodchuck's Blog

subprime

Aggressive Lending Practices – Subprime Again? Nope, This Time It’s Our Own Government

By AWC on March 11, 2010 • ( 0 )

As I’ve mentioned countless times, FHA loans are the new subprime, and we all remember how subprime ended… Well, before subprime ended, a whole lot of something else was going on…does any of this sound familiar? According to HousingWire, “Lend… Read More ›

Congrats! You Are A Co-Signer On Your Neighbors House

By AWC on March 10, 2010 • ( 0 )

FHA (Federal Housing Association) loans used to make up only 3% of home loans in the U.S. In just three years that number has moved to 30%. FHA loans are backed by the Federal Government which means the taxpayer is on… Read More ›

FHA Buyers: 31% Fall off a Cliff

By AWC on October 31, 2009 • ( 0 )

Americans are out of money. They just don’t have the cash they need to meet the down payment requirements of the major lenders. So what’s a politician to do? That’s easy. Just decide that the banks are being way too… Read More ›