Comments on: More High-Risk Mortgages are Going Into Foreclosure http://www.bloggingawaydebt.com/2007/03/more-high-risk-mortgages-are-going-into-foreclosure/ Our Journey to a Debt-Free Life Sat, 20 Mar 2010 16:02:56 -0700 http://wordpress.org/?v=2.8.4 hourly 1 By: Jen http://www.bloggingawaydebt.com/2007/03/more-high-risk-mortgages-are-going-into-foreclosure/comment-page-1/#comment-26528 Jen Fri, 09 Mar 2007 15:28:36 +0000 http://www.bloggingawaydebt.com/2007/03/more-high-risk-mortgages-are-going-into-foreclosure/#comment-26528 I also think that mortgage brokers and lenders got caught up in irrational exuberance over the real estate. Just as regular folks got caught up in rapidly rising home prices, so did the lenders. They're human, too. But now that the market is softening, and in some places dropping like a rock, we see lenders tightening loan requirements. And then you just have the predatory lenders who are only out to make a quick buck and don't really care about home buyer. Blech. I also think that mortgage brokers and lenders got caught up in irrational exuberance over the real estate. Just as regular folks got caught up in rapidly rising home prices, so did the lenders. They’re human, too. But now that the market is softening, and in some places dropping like a rock, we see lenders tightening loan requirements.

And then you just have the predatory lenders who are only out to make a quick buck and don’t really care about home buyer. Blech.

]]> By: Moneymonk http://www.bloggingawaydebt.com/2007/03/more-high-risk-mortgages-are-going-into-foreclosure/comment-page-1/#comment-26463 Moneymonk Thu, 08 Mar 2007 22:00:05 +0000 http://www.bloggingawaydebt.com/2007/03/more-high-risk-mortgages-are-going-into-foreclosure/#comment-26463 I doubt if mortgage lenders care these days , it's all about the money. Now they have 50 year mortgages, I almost passed out when I heard it. I doubt if mortgage lenders care these days , it’s all about the money. Now they have 50 year mortgages, I almost passed out when I heard it.

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