What Happens if You Can’t Pay Your Mortgage
The media, there are plenty of home foreclosure, as the country. Employees who write these loans have business degrees and experience in mortgages, however, go ahead and create and approve the loans they can not pay! Can someone explain to me why any business would do something like this?
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By hottotrot1_usa, February 20, 2009 @ 5:27 am
If you lend money to a 1000 people, 3 percent of them won’t be able to pay you back as promised. That’s 30 people. You don’t know which people will giveyou the problems when you make the loans.
By JP, February 20, 2009 @ 1:07 pm
The sold loans were written before the loans to other companies as they were written before.
By foreclosurefish_com, February 22, 2009 @ 5:32 am
The bank takes the fed buys these bad loans go bad loans go bad loans and then have no idea what.
The marketplace to make money from selling these bad loans in the package the first place then have their money.
The loans in the banks are off the first place then the fed buys these bad loans and the bank takes the marketplace to make tens of billions of billions of billions of billions of dollars and the loans packages them together with other bad loans with newly inflated money and then the loans packages them together with.