Mortgage Rates Report: What is REALLY Happening...

Wall Street has spoken.Â They now say that stated income and no documentation loans are risky.Â And they want to get paid for that risk.Â Â Think of Wall Street as a life insurance company.Â Insurance companies have two different premium rates for smokers and non-smokers.Â Smokers are more risky to the insurance company and are charged more premium to compensate the insurance company for that added risk.Â Stated income loans are to Wall Street what smokers are to insurance companies.

The mortgage markets have faced and will endure a liquidity crisis...

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Comments: 3

Adele R. Aug 8, 2007, 3:31pm UTC

Very true, People have to come to the realization that it will cst them more or the products they want won't be available due to thier current circumstances.

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Kim R. Aug 13, 2007, 10:00pm UTC

Once again the foibles of some affect the many.

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Debt Invoice F. Mar 14, 2008, 12:19pm UTC

Same thing is happening now in the UK

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Mortgage Rates Report: What is REALLY Happening in the Mortgage Markets

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