Comments on: WAMU Gets Seized After Home Loan Foreclosures Exploded http://www.bdnationwidemortgage.com/blog/index.php/2008/09/wamu-gets-seized-after-home-loan-foreclosures-exploded/ Thu, 19 Aug 2010 05:30:01 +0000 hourly 1 http://wordpress.org/?v=3.0 By: home loan modifications http://www.bdnationwidemortgage.com/blog/index.php/2008/09/wamu-gets-seized-after-home-loan-foreclosures-exploded/comment-page-1/#comment-119 home loan modifications Fri, 14 Nov 2008 21:32:28 +0000 http://www.bdnationwidemortgage.com/blog/?p=18#comment-119 <strong>Modify Home Loans with Fixed Rates...</strong> The government can't come out with FHA mortgage loan programs fast enough to prevent foreclosures. Great articles and financing perspectives! Hopefully the market will swing back for mortgage lenders to participate as the housing market rebounds. - JT Spader Modify Home Loans with Fixed Rates…
The government can’t come out with FHA mortgage loan programs fast enough to prevent foreclosures. Great articles and financing perspectives! Hopefully the market will swing back for mortgage lenders to participate as the housing market rebounds.
- JT Spader

]]> By: fha home loans http://www.bdnationwidemortgage.com/blog/index.php/2008/09/wamu-gets-seized-after-home-loan-foreclosures-exploded/comment-page-1/#comment-70 fha home loans Fri, 26 Sep 2008 12:53:54 +0000 http://www.bdnationwidemortgage.com/blog/?p=18#comment-70 As a mortgage underwriter, I understand how WAMU's risky mortgages spun out of control. Clearly the mortgage lender funded way too many high risk liens over the last five years. The way they promoted the 1% negative amortization loans as a means to increase new homebuyers purchasing power was nothing short of shocking. Then in a panic reaction most lenders tightened to the point, where refinancing was no longer an option and home values declined so significantly that 9% of the mortgage population is in default or already experienced a foreclosure. Hopefully the mortgage market will rebound with FHA home loans, but if homeowners continue to believe that it's OK to not pay their mortgage because their neighbor isn't paying their bills...this recession will turn into a greater depression. See you in tube! http://www.FHAhomeLoanRefinancing.com As a mortgage underwriter, I understand how WAMU’s risky mortgages spun out of control. Clearly the mortgage lender funded way too many high risk liens over the last five years. The way they promoted the 1% negative amortization loans as a means to increase new homebuyers purchasing power was nothing short of shocking.

Then in a panic reaction most lenders tightened to the point, where refinancing was no longer an option and home values declined so significantly that 9% of the mortgage population is in default or already experienced a foreclosure.

Hopefully the mortgage market will rebound with FHA home loans, but if homeowners continue to believe that it’s OK to not pay their mortgage because their neighbor isn’t paying their bills…this recession will turn into a greater depression. See you in tube! http://www.FHAhomeLoanRefinancing.com

]]> By: Tim Ramsey http://www.bdnationwidemortgage.com/blog/index.php/2008/09/wamu-gets-seized-after-home-loan-foreclosures-exploded/comment-page-1/#comment-69 Tim Ramsey Fri, 26 Sep 2008 12:51:05 +0000 http://www.bdnationwidemortgage.com/blog/?p=18#comment-69 I recently came accross your blog and have been reading along. I thought I would leave my first comment. I dont know what to say except that I have enjoyed reading. Nice blog. Tim Ramsey I recently came accross your blog and have been reading along. I thought I would leave my first comment. I dont know what to say except that I have enjoyed reading. Nice blog.

Tim Ramsey

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