What a fascinating and tumultuous time is upon us! Both the housing
and the mortgage market are convulsing wildly! There are so many facets
to the "big picture" that I would never presume have all the answers, so
the following disclaimer is in order: I am a mortgage broker and the
following is my opinion based on my experience and my knowledge. You
might agree with me, you might not. Away we go...
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Filed under: housing bubble, home builders, home prices, Freddie Mac, adjustable rate mortgage, Fannie Mae, Conforming Loan, lending standards, mortgage lenders, home equity, underwriting, mortgage backed security, alternative loans, credit rating, real estate boom