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Guess Who Lenders *Don't* Trust



January 29, 2008 – Comments (4)

Great post on blownmortgage about the one set of folks the lending community wouldn't issue stated income loans to.

The Alt-A lump is still coming. When it hits, what will the quick-fix politicians and bureaucrats have left to try?

4 Comments – Post Your Own

#1) On January 29, 2008 at 3:16 PM, leohaas (29.81) wrote:

Alt-A is not the only lump still coming. Same deal with Negative Amortization: think about how that works when housing prices are dropping.

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#2) On January 29, 2008 at 3:29 PM, wolfhounds (41.15) wrote:

Excellent post and it's enough to make you cry all the way to the bank. I've been picking smaller banks i found to my CAPS which I think will tank soon enough. You wouldn't know it by the euphoria for financials right now.

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#3) On January 29, 2008 at 3:36 PM, TMFBent (99.31) wrote:

There will be some great banks out there too. The question is, do we have the time to find 'em?

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#4) On January 29, 2008 at 3:41 PM, abitare (30.30) wrote:

FYI - A good 39 minute interview with uber Bear Peter Schiff on Bloomberg. Same rant: get out of dollars and dollar based assets 

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