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Started By
Message
re: Housing prices are alarming
Posted on 6/10/19 at 8:48 am to stout
Posted on 6/10/19 at 8:48 am to stout
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 on 6/10/19 at 9:00 am to SDVTiger
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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