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Study: Subprime Mortgage Lawsuits Outpacing Savings & Loan Crisis

National News • February 15, 2008
The number of subprime-related lawsuits filed in federal courts is dramatically outpacing the savings and loan litigation of the early 1990s. That's accordng to a study by Chicago-based Navigant ...

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Subject: RE: RE: Stupidity and Greed

Posted On: February 15, 2008, 1:37 pm CST
Posted By: Compman
Comment:
I agree JB, but you and I will be the big losers in this mess. I know when I refinanced back in 04, they begged me to take out extra money since I had equity built up. I declined and just refi'd what my existing balance was. 5.25% 30 yr fixed. I also have a rental property in Colorado worth about 175k, but on my loan application, they listed it at 375K for a value. I asked them where they came up with that number and they said thru comparative sales. I told them if they truly felt my house was worth 375k, I would be more than happy to sell it to them for that amount. I told them to change it to 175k as I would not sign the papers if they did not change it. It did not affect my getting the loan either.
Subject Posted By Posted On
RE: Stupidity and Greed Kenneth
Feb 17, 2008, 10:10 pm
Stupidity and Greed JB
Feb 15, 2008, 2:25 pm
RE: RE: RE: Stupidity and Greed Heck yeah
Feb 15, 2008, 2:03 pm
RE: RE: Stupidity and Greed Compman
Feb 15, 2008, 1:37 pm
RE: Stupidity and Greed JB
Feb 15, 2008, 1:25 pm
Stupidity and Greed Compman
Feb 15, 2008, 1:07 pm
Subprime Mortgage Lawsuits Not surprised
Feb 15, 2008, 1:06 pm
Test comment josh
Feb 15, 2008, 10:56 am
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