ALT-A DISASTER LOOMING – KNOW THE FACTS

Posted on April 17th, 2008 in Mr Mortgage's Personal Opinions/Research

In many of the bubble states, the ALT-A universe is 50% larger than the subprime universe. The ALT-A universe looks to be headed for the same fate as subprime. Know the facts. – Best, Mr Mortgage

http://www.youtube.com/watch?v=pmeBSWI9sF8

14 Responses to “ALT-A DISASTER LOOMING – KNOW THE FACTS”

  1. Ouch!

    What can be done? The problem is just too big and no one is in a position to be able to help. Everyone seems to be under some kind of financial duress, even the governments.

  2. At the end of this video you say:

    The housing market cannot withstand Alt A loans doing what the subprime loans did. This is an emergency. It needs to be addressed.

    What do you recommend?

  3. Nothing…let the wave hit the shore full force and wash out all the liars who couldn’t really afford the homes in the first place. Then house prices reset to an affordable level again using conservative lending standards that were in place a decade ago.

  4. […] ALT-A DISASTER LOOMING – KNOW THE FACTS […]

  5. There must be absolute transparency in real estate financing. Those who are holding and not disclosing hoping that real estate prices will increase are in complete denial. There will be no significant appreciation, at least in SoCal, for several years. Prices still have quite a ways to come down before they level off and have any chance of going up.

    JWM in SD has it completely right

  6. […] http://mrmortgage.ml-implode.com/2008/04/17/alt-a-disaster-looming-know-the-facts/ […]

  7. […] ALT-A Disaster Looming – Know The Facts!a>How Much Home Can You Afford? Are you Sure! […]

  8. […] you watch the video I did last month called ‘ALT-A Disaster Looming, Know the Facts’ I go over the loan characteristics of the ALT-A universe and while much is identical to subprime, […]

  9. […] ALT-A Disaster Looming – Know the Facts! […]

  10. […] ALT-A Disaster Looming – Know the Facts! […]

  11. […] ALT-A Disaster Coming Soon – Know the Facts. […]

  12. […] ALT-A Disaster Looming – Know the Facts! […]

  13. […] ALT-A Disaster Looming – Know the Facts! […]

  14. […] ALT-A Disaster Looming – Know the Facts! […]

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