Housing Recovery May Be Held Back By Oversupply

RE:Housing Recovery May Be Held Back By Oversupply

Anonymous — Wed, 02 May 2007 11:00:00 GMT

Having been in Mortgage lending for 9 years running now, I thought i could add some clarity to this issue. Being on the front lines as a Loan Officer and Underwriter,all lenders felt the pressure to appeal to the largest group of people to offer the new relaxed guidelines for mortgage loans. Customers would come into our bank routinely with poor money management skills and marginal credit. Contrary to popular belief we do turn down loans routinely and not many of the loans we did are no doc.

RE:Housing Recovery May Be Held Back By Oversupply

JoeC — Fri, 13 Apr 2007 11:00:00 GMT

Full employment with everyone working at McDonalds. Once the more jobs are sent offshore, there will be an increase in unemployment and another hit to housing.

RE:Housing Recovery May Be Held Back By Oversupply

cjh — Thu, 12 Apr 2007 11:00:00 GMT

When a thief robs a citizen, he usually does a short time in the pokey and no restittution is required. Now if that same thief were to turn aroun and rob a corporate entity, he'll do 15 to 25. Now if a corporation steals 100's of 1000's of dollars like in mortgage fraud the wheels of justice either slow down enough for the home owner to lose everything he has or the responsilble parties get off with whatever they decide is enough to make up for wrecked lives and missing homes...Justice?