No Shirt, No Shoes, No Mortgage
It’s getting more and more difficult for would-be borrowers in the New York region to get a mortgage, according to an article in yesterday’s Times. Mortgage brokers say many lenders are refusing loans to applicants with credit scores that are below the 680-700 range. Stated-income loans, meanwhile, are basically history, and people with lower credit…
It’s getting more and more difficult for would-be borrowers in the New York region to get a mortgage, according to an article in yesterday’s Times. Mortgage brokers say many lenders are refusing loans to applicants with credit scores that are below the 680-700 range. Stated-income loans, meanwhile, are basically history, and people with lower credit scores have to pay much bigger down payments. To add insult to injury, loans are coming with more fees nowadays, especially for those with less-than-pristine credit. One financial analyst says loan applicants with credit scores below 720 and down payments of less than 40 percent face fees between .5 and .75 percent of the loan amount. Is all this a necessary correction, or has the pendulum swung too far in the other direction, making home ownership unattainable for a huge segment of the population?
Lenders Raise the Bar [NY Times]
Chart from The New York Times.
You really shouldn’t be calling people dumbasses when you type “commodity prices WAS up”.
sh*t isn’t going to hit the fan.
things are calming down.
and i just got a raise.
eat vegetables, the what. they are cheaper than rice and flour.
and that way, you won’t be such a fatass loser.
I didnt say $2m dollar loans aren’t available dumbazz. I said, “a Recession is when people don’t have money to spend. If every thing is Okey Dokey, why is the Governments is sending people money to spend?!” Why is you can’t get that through your mind? Mybe you will when the sh!t hits the fan !
The What (I think)
Someday this war is gonna end…
Keep saying that $2m dollar loans aren’t available Mr. What. You’re wrong as usual. I just closed on one that is fixed for five years for six percent and I have a credit score of 660. Lazy people might give up when a broker lies to them, but If I can find a mortgage, anyone can.
“And the revised numbers say that the economy grew at .9% last quarter.”
Really????!!!!! And commodity prices was up 25% is that period!!!! I would say that’s NEGATIVE growth! I tell you what please go to your local pizza shop and ask the owner “How much did flour prices go up” ? I suggest you duck after you ask this question. Food and Gas is thru the roof and sad enough you don’t get it!!!!
I’m going out and don’t worry I will close the door behind me.
The What
Someday this war is gonna end…
I can’t stand the What.
And the revised numbers say that the economy grew at .9% last quarter.
Not great, but DEFINITELY not a recession.
And most CERTAINLY NOT a depression.
“Propaganda is the deliberate, systematic attempt to shape perceptions, manipulate cognitions, and direct behavior to achieve a response that furthers the desired intent of the propagandist.†– Garth S. Jowett and Victoria O’Donnell, Propaganda and Persuasion
You can read it here –>http://wallstreetexaminer.com/blogs/winter/?p=1655
“A recession is two consecutive quarters of negative growth.”
Nope dumbazz, a Recession is when people don’t have money to spend. If every thing is Okey Dokey, why is the Governments is sending people money to spend?! Inflation is killing the CONsumer and things will not get better untill we have a asset crash. I hope the Bulls are out front and center when this thing blows up in their faces!
I will be long flagpoles!
The What
Someday this war is gonna end….
The “What’s” posts are totally fake! Dont beleive it, it is just some poser.
We can totally tell it is not you – Give it up and get your own signature…Loser
A recession is two consecutive quarters of negative growth.
Apparently ‘the What’ doesn’t like the dictionary when it doesn’t fit his or her desired narrative.
The economy has slowed significantly, but we aren’t the free-fall Great Depression mode that ‘the What’ seems to be suicidally orgasmic for.