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SportTrac Discussion
General Sport Trac Discussion
Obama admin pushing banks to offer sub-prime mortgages again...
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<blockquote data-quote="Thomas Rogers" data-source="post: 963085" data-attributes="member: 60724"><p>Richard L,</p><p></p><p></p><p></p><p>I didn't mean to imply that sub-prime loans were "that" beneficial. I simply was trying to say that for some, they are valuable.</p><p></p><p></p><p></p><p>I agree that most banks have no real interest in getting into sub-prime home loans. In addition, sub-prime as a lending vehicle seems to have all but dried up, and that is not due to agencies like those described in the article.</p><p></p><p></p><p></p><p>As for the phrase "sub-prime" being toxic, I agree, but find that unfortunate. Again, for some, especially those that are certain to be in a home for only a few years, sub-prime, ARM, and similar vehicles can make sense.</p><p></p><p></p><p></p><p>TJR</p></blockquote><p></p>
[QUOTE="Thomas Rogers, post: 963085, member: 60724"] Richard L, I didn't mean to imply that sub-prime loans were "that" beneficial. I simply was trying to say that for some, they are valuable. I agree that most banks have no real interest in getting into sub-prime home loans. In addition, sub-prime as a lending vehicle seems to have all but dried up, and that is not due to agencies like those described in the article. As for the phrase "sub-prime" being toxic, I agree, but find that unfortunate. Again, for some, especially those that are certain to be in a home for only a few years, sub-prime, ARM, and similar vehicles can make sense. TJR [/QUOTE]
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SportTrac Discussion
General Sport Trac Discussion
Obama admin pushing banks to offer sub-prime mortgages again...
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