http://www.therealestatebloggers.com/2007/08/20/could-secondary-mortgage-market-extend-morgage-misery/ Real Estate Blog, Mortgage, and Development News Wed, 17 Mar 2010 08:05:23 +0000 http://wordpress.org/?v=2.9.1 hourly 1 http://www.therealestatebloggers.com/2007/08/20/could-secondary-mortgage-market-extend-morgage-misery/comment-page-1/#comment-335284 Toussaint Wed, 28 Jan 2009 06:57:37 +0000 http://www.therealestatebloggers.com/2007/08/20/could-secondary-mortgage-market-extend-morgage-misery/#comment-335284 There has been a lot of finger pointing at the Banking Industry because of the subprime loans, but I believe it goes much deeper than that. When the securitization of mortgages was implemented, it opened a bag of worms that is eating away at our very souls. Mortgaged-back securities was the worst idea to every hit Wall Street, Main Street, etc… This can all be summed up in one word, “GREED”. There has been a lot of finger pointing at the Banking Industry because of the subprime loans, but I believe it goes much deeper than that. When the securitization of mortgages was implemented, it opened a bag of worms that is eating away at our very souls. Mortgaged-back securities was the worst idea to every hit Wall Street, Main Street, etc… This can all be summed up in one word, “GREED”.

]]> http://www.therealestatebloggers.com/2007/08/20/could-secondary-mortgage-market-extend-morgage-misery/comment-page-1/#comment-62612 SHS Mortgage Company Mon, 20 Aug 2007 21:36:32 +0000 http://www.therealestatebloggers.com/2007/08/20/could-secondary-mortgage-market-extend-morgage-misery/#comment-62612 Oh what a tangled web has been woven. Yes, I truly believe this is going to have a pretty big effect on the housing and finance markets for quite a while. Maybe 2009. Oh what a tangled web has been woven. Yes, I truly believe this is going to have a pretty big effect on the housing and finance markets for quite a while. Maybe 2009.

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