The Mortgage Market Meltdown Is Not Over!
Posted by admin | Under no money down mortgage Friday Feb 26, 2010
http://www.MortgageSelfDefense.com
Jim Cramer is RIGHT about the mortgage meltdown. We both saw the mortgage meltdown coming but nobody would listen!
I was 25 years in the mortgage banking world and the mortgage market meltdown was a long time coming.
But, when “The Billionaire Boyz Club” is raking in BILLIONS, who cares about a stinking mortgage meltdown?
Homeless homeowners? So what.
Crushed families? Interest Only ARM getting ready to POP? So what.
Pay me… pay me… pay me. By the way Mr. & Mrs. Homeless Homeowner, where should we send all your belongings?
Jim Cramer is a total advocate for the innocent bystanders caught in the mortgage market meltdown.
So many homeowners got caught in the mortgage market meltdown that the eventual cost of this mortgage market meltdown is unclear.
Too many homeowners now in foreclosure should have been informed of their dangerous mortgage.
Too many homeowners are now homeless because of the mortgage market meltdown.
Jim Cramer is absolutely DEAD ON when he SCREAMS about where exactly to place the blame. The mortgage market meltdown at his level is absolutely the product of one of the seven deadly sins – Greed.
At our level, John Q. Public, the mortgage market meltdown was shoved down everyone’s throats. Can’t qualify for a home mortgage? No worries, let’s make something up. Forget that your mortgage payment is more than half your monthly salary…mortgage interest rates will fall and you can then refinance.
Right… Greedy investors, greedy home builders and greedy Wall Street funds flooded real estate markets artificially skyrocketing real estate values.
THAT’S when the mortgage market meltdown writing was on the wall. When those same real estate values fell faster than a free-falling safe.
Those of us on the inside saw it heading for us like an oncoming freight train and SCREAMED at the mortgage servicers and investors to STOP the madness, but it was too late…
If you’ve been watching Jim Cramer for any length of time, you understand his passion for protection of the average American.
Don’t EVER be a victim of a Mortgage Market Meltdown. Protect you and your family by getting your FREE Mortgage Self Defense course RIGHT NOW at:
http://www.MortgageSelfDefense.com
*****
jim cramer
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Duration : 0:9:54
Thank you for being …
Thank you for being honest. There was a number of areas where greed got ahold of many professionals willing to compromise to make a pile of cash. Usually you see the people who justify their dishonest actions blaming it it on the stupid people who got the loans. Yes, they didn’t read, but the blame is within every avenue upon the wider scope. Unfortunately, we are going to pay further as this country hits bottom as a result of a stock pile of bad desisions in every angle. Blessings In Christ
you are so right i …
you are so right i remember one time i whent to apply for a loan to buy a home in new jersey and at the time i was making 12 dollars an hour and the guy came back and told me that i was pre approve for a 390000 dollars and the monthly payment were going to be around3000 dollars how the heck am i suppose to come up with this money if i only bring home 1300 dollars a month after taxes and insurance he advise me to convert the attic and basement into illegal studios this guy dint care about nothing
thehelpfund.blogspot
thehelpfund.blogspot
thehelpfund.blogspot
thehelpfund.blogspot
you just like to …
you just like to hear yourself talk.
You might know …
You might know something about mortgage lending but you have absolutely shown that you don’t have a naffing clue about economics. Cramer wasn’t right about bugger all. The fed are robbing the US blind and have been for years. Until they are defunct there will be no such thing as sound money or a safe mortgage. If you trust your economy to a vipers nest of greedy bankers, ups and downs, booms and busts will happen not according to the market, but depending on when they want them to happen.
keep this stuff for …
keep this stuff for ur self pleazse
Cramer is a …
Cramer is a carnival barker…………
You are right that …
You are right that Jim Cramer is a total idiot. He should be arrested and put a duct tape on his fat mount.
Where were the …
Where were the regulators???? Others saw this in 2002-2003….but who was there to curtail the reckless underwriting/lending/securitization????
Certainly not the FED who encouraged it with easy money and easy credit….
All it is is that a …
All it is is that a few bad apples couldn’t pay their mortgage because they didn’t read the fine print on the adjustable rate mortgage loan. Always get the fixed rate loan like i did.
Thank you. I’m …
Thank you. I’m glad to see that people like you are still in the business.
You make some good …
You make some good points. Alot of people are and moaning about their ARM going up, yet they weren’t crying when they signed off on the deal. American consumers are spoiled and expect everything to be “explained to them”. They never take the time to read the fine print for themselves.
Thomas Jefferson …
Thomas Jefferson was concise in his early warning to the American nation, “If the American people ever allow private banks to control the issuance of their currency, first by inflation and then by deflation, the banks and corporations that will grow up around them will deprive the people of all their property until their children will wake up homeless on the continent their fathers conquered.”
Thanks to everyone …
Thanks to everyone who comments. It’s appreciated. I’m no genius…all I’m doing here is providing another avenue of truth based on experience. I really can’t speak for anyone but myself and I’m not always right. As always, my information is merely to alert people and cause them to look deeper into what they’re considering before making any decisions.
I was in the …
I was in the investment biz years ago and stuck to the principles you did. Bravo for you, and bravo for me. I couldn’t have lived with myself. Please keep posting.
Jim Cramer did not …
Jim Cramer did not “see this coming”. Jim Cramer was POUNDING PEOPLE INTO HOUSING STOCKS from September 2006 to December 2006. In fact, Jim Cramer’s whole “they know nothing” baloney came after his housing picks and mortgage picks (LEN, CTX, LEND, TOL) were CRUSHED. You may be brilliant, but, Jim Cramer is a liar and a terrible analyst.
The housing spiral …
The housing spiral is a self-reinforcing phenomenon. If the stock market were near a low we could look forward to a housing bottom. Trouble is, it’s near a top. The decline in real estate prices is just beginning, in my opinion.
This ties into the …
This ties into the Sicko movie by Michael Moore. Corporate greed is really getting out of control.