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re: Housing prices are alarming

Posted on 6/10/19 at 8:48 am to
Posted by SDVTiger
Cabo San Lucas
Member since Nov 2011
78472 posts
Posted on 6/10/19 at 8:48 am to
quote:

So why we may not have true subprime lending in housing like what cause the '08 crash you have a sort of indirect subprime lending because rates were kept so cheap


Fha has been the subprime lender
Posted by stout
Porte du Lafitte
Member since Sep 2006
170261 posts
Posted on 6/10/19 at 9:00 am to
quote:

Fha has been the subprime lender



I am in the foreclosure industry and deal with FHA homes. I have also been in real estate and construction for 19 years now. Yes they loan subprime but it's not nearly like it was pre 08' so not sure why you're ing .

There will always be subprime but my point is it's not crazy stuff like 110% LTV loans, no doc/stated income loans, etc.
This post was edited on 6/10/19 at 9:05 am
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