ILW.COM - the immigration portal Immigration Daily

Home Page


Immigration Daily

Archives

Processing times

Immigration forms

Discussion board

Resources

Blogs

Twitter feed

Immigrant Nation

Attorney2Attorney

CLE Workshops

Immigration books

Advertise on ILW

VIP Network

EB-5

移民日报

About ILW.COM

Connect to us

Make us Homepage

Questions/Comments


SUBSCRIBE

Immigration Daily


Chinese Immig. Daily




The leading
immigration law
publisher - over
50000 pages of
free information!
Copyright
© 1995-
ILW.COM,
American
Immigration LLC.

Results 1 to 5 of 5

Thread: Lies and SubPrime Bailout

  1. #1
    About 21 percent of all mortÂ*gage originations from 2004 through 2006 were subprime, up from 9 percent from 1996 through 2004, says John Lonski, chief economist for Moody's InÂ*vestors Service. Subprime mortgages totaled $600 billion in 2006

    In late March 2008, Friedman Billings Ramsey[26] reported the default rate on securitized subprime loans hit 25.2% in December of 2007. Alt-A loan defaults also increased to 8.65%.

    25% of $600 Billion = $150 Billion of possible foreclosures due to subprime mortgages; these homes are worth, at most 30 % less than their original value therefore the cost of these defaults = $30 Billion.

    Many of these losses have aleady been written down on the books of banks and insurance compaies.

    How are they getting ths $1 Trillion Number???

    I get the feeling that the media is lying once again.

    Source for my numbers is Wikipedia

  2. #2
    About 21 percent of all mortÂ*gage originations from 2004 through 2006 were subprime, up from 9 percent from 1996 through 2004, says John Lonski, chief economist for Moody's InÂ*vestors Service. Subprime mortgages totaled $600 billion in 2006

    In late March 2008, Friedman Billings Ramsey[26] reported the default rate on securitized subprime loans hit 25.2% in December of 2007. Alt-A loan defaults also increased to 8.65%.

    25% of $600 Billion = $150 Billion of possible foreclosures due to subprime mortgages; these homes are worth, at most 30 % less than their original value therefore the cost of these defaults = $30 Billion.

    Many of these losses have aleady been written down on the books of banks and insurance compaies.

    How are they getting ths $1 Trillion Number???

    I get the feeling that the media is lying once again.

    Source for my numbers is Wikipedia

  3. #3
    <BLOCKQUOTE class="ip-ubbcode-quote"><div class="ip-ubbcode-quote-title">quote:</div><div class="ip-ubbcode-quote-content">Originally posted by SonofMichael:
    About 21 percent of all mortÂ*gage originations from 2004 through 2006 were subprime, up from 9 percent from 1996 through 2004, says John Lonski, chief economist for Moody's InÂ*vestors Service. Subprime mortgages totaled $600 billion in 2006

    In late March 2008, Friedman Billings Ramsey[26] reported the default rate on securitized subprime loans hit 25.2% in December of 2007. Alt-A loan defaults also increased to 8.65%.

    25% of $600 Billion = $150 Billion of possible foreclosures due to subprime mortgages; these homes are worth, at most 30 % less than their original value therefore the cost of these defaults = $30 Billion.

    Many of these losses have aleady been written down on the books of banks and insurance compaies.

    How are they getting ths $1 Trillion Number???

    I get the feeling that the media is lying once again.

    Source for my numbers is Wikipedia </div></BLOCKQUOTE>
    Not The Media! Media Is TOOL!
    Once You Live The Good Life, and Experience Power, Security, Recognition. It Takes Over! Thee Ones With The Power to Control This Country Always Have That "SELF" In Mind!
    USC and Legal, Honest Immigrant Alike Must Fight Against Those That Deceive and Disrupt A Place Of Desirability! All Are Victims of Fraud, Both USC and Honest Immigrant Alike! The bad can and does make it more difficult for the good! Be careful who y

  4. #4
    <BLOCKQUOTE class="ip-ubbcode-quote"><div class="ip-ubbcode-quote-title">quote:</div><div class="ip-ubbcode-quote-content">Originally posted by davdah:
    Not so simple. Banks don't deal in real estate. Loans only. The properties will need to be re-sold. Quite often the hit will be more than 30% when its all said and done. Plus this doesn't include the expected colapse once the interest rates start to climb.

    The finger in the dike is the low fed rate. Keeping all those adjustable rate mortgages alive. Let it hit 5% and all hell will break loose. </div></BLOCKQUOTE>

    It Is that Simple Davdah! That's The Problem! Too Simple to Accept!!!
    USC and Legal, Honest Immigrant Alike Must Fight Against Those That Deceive and Disrupt A Place Of Desirability! All Are Victims of Fraud, Both USC and Honest Immigrant Alike! The bad can and does make it more difficult for the good! Be careful who y

  5. #5

    Join Date
    Jun 2008
    Location
    Originally from: Galaxy of Centaurus A (also known as NGC 5128)
    Posts
    926
    Very very simple. Everybody understands this except complete idiots.
    Make money, screw everybody !!!
    Have all the good s.ex you can, in all the ways you can, for as long as ever you can !

    -- Sabuntium The Great


Similar Threads

  1. Finally, Subprime Foreclosure Rates by Race
    By WendyGitl in forum Immigration Discussion
    Replies: 20
    Last Post: 01-30-2009, 05:28 AM
  2. **** industry seeks federal bailout
    By SonofMichael in forum Immigration Discussion
    Replies: 3
    Last Post: 01-07-2009, 03:20 PM
  3. GREAT BAILOUT PLAN !!!
    By SonofMichael in forum Immigration Discussion
    Replies: 5
    Last Post: 10-08-2008, 06:48 AM
  4. Bailout Plan Fails
    By SonofMichael in forum Immigration Discussion
    Replies: 17
    Last Post: 10-07-2008, 06:40 AM
  5. Lies, Darn Lies, and Statistics
    By JermCool in forum Immigration Discussion
    Replies: 135
    Last Post: 06-15-2008, 12:10 AM

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  
Put Free Immigration Law Headlines On Your Website

Immigration Daily: the news source for legal professionals. Free! Join 35000+ readers Enter your email address here: