http://washingtonindependent.com/28690/so-much-for-the-benefits-of-subprime-loans-homeownership-back-to-2000-levels National News in Context Sun, 04 Mar 2012 13:30:47 +0000 hourly 1 http://wordpress.org/?v=3.2.1 http://washingtonindependent.com/28690/so-much-for-the-benefits-of-subprime-loans-homeownership-back-to-2000-levels/comment-page-1#comment-17554 PES 2008 kits & faces PS3 Wed, 04 Feb 2009 18:03:56 +0000 http://washingtonindependent.com/?p=28690#comment-17554 [...] The Washington Independent » The Benefits of Subprime Loans … [...] [...] The Washington Independent » The Benefits of Subprime Loans … [...]

]]> http://washingtonindependent.com/28690/so-much-for-the-benefits-of-subprime-loans-homeownership-back-to-2000-levels/comment-page-1#comment-34309 Ravi Wed, 04 Feb 2009 07:36:44 +0000 http://washingtonindependent.com/?p=28690#comment-34309 The collateral damage of the subprime crisis is very high. Worse than effects of passive smoking. Even the conservative lenders are suffering losses, though they would have lent with reasonable owner's equity in the property, the decline in the value is so much that it has wiped out more than the owner's stake. The collateral damage of the subprime crisis is very high. Worse than effects of passive smoking. Even the conservative lenders are suffering losses, though they would have lent with reasonable owner's equity in the property, the decline in the value is so much that it has wiped out more than the owner's stake.

]]> http://washingtonindependent.com/28690/so-much-for-the-benefits-of-subprime-loans-homeownership-back-to-2000-levels/comment-page-1#comment-17352 Ravi Tue, 03 Feb 2009 23:36:44 +0000 http://washingtonindependent.com/?p=28690#comment-17352 The collateral damage of the subprime crisis is very high. Worse than effects of passive smoking. Even the conservative lenders are suffering losses, though they would have lent with reasonable owner's equity in the property, the decline in the value is so much that it has wiped out more than the owner's stake. The collateral damage of the subprime crisis is very high. Worse than effects of passive smoking. Even the conservative lenders are suffering losses, though they would have lent with reasonable owner's equity in the property, the decline in the value is so much that it has wiped out more than the owner's stake.

]]> http://washingtonindependent.com/28690/so-much-for-the-benefits-of-subprime-loans-homeownership-back-to-2000-levels/comment-page-1#comment-17301 The Benefits of Subprime Loans: Homeownership Back to 2000 Levels - The Washington Independent.com-Local Area Search Tue, 03 Feb 2009 17:03:56 +0000 http://washingtonindependent.com/?p=28690#comment-17301 [...] Read more of this article click here –> census - Live Search News [...] [...] Read more of this article click here –> census – Live Search News [...]

]]> http://washingtonindependent.com/28690/so-much-for-the-benefits-of-subprime-loans-homeownership-back-to-2000-levels/comment-page-1#comment-17299 The Washington Independent » The Benefits of Subprime Loans … | Money Articles Blog. Tue, 03 Feb 2009 16:55:05 +0000 http://washingtonindependent.com/?p=28690#comment-17299 [...] Original post:  The Washington Independent » The Benefits of Subprime Loans … [...] [...] Original post:  The Washington Independent » The Benefits of Subprime Loans … [...]

]]> http://washingtonindependent.com/28690/so-much-for-the-benefits-of-subprime-loans-homeownership-back-to-2000-levels/comment-page-1#comment-17296 Money news Blog » Blog Archive » The Washington Independent » The Benefits of Subprime Loans … Tue, 03 Feb 2009 16:40:17 +0000 http://washingtonindependent.com/?p=28690#comment-17296 [...] Read the rest here: The Washington Independent » The Benefits of Subprime Loans … [...] [...] Read the rest here: The Washington Independent » The Benefits of Subprime Loans … [...]

]]> http://washingtonindependent.com/28690/so-much-for-the-benefits-of-subprime-loans-homeownership-back-to-2000-levels/comment-page-1#comment-17300 Robert Ewald Tue, 03 Feb 2009 14:01:26 +0000 http://washingtonindependent.com/?p=28690#comment-17300 No one ever mentions the federal policy allowing tax deductions for mortgage payments. The typical middle or upper cass homeowner (they are the ones who itemize deduction s allowed by law) was eager to refinance and refinance as his property values seemed to increase. He was encouraged to do so by the deductability of his mortgage payments.<br>Another unmentiond factor in the current disaster is the failure of the appraisal community to control the false increases in market value. How many bankers and real estate agents said "if you want to appraise my sales and mortgage values, you come up with the right house value."? No one ever mentions the federal policy allowing tax deductions for mortgage payments. The typical middle or upper cass homeowner (they are the ones who itemize deduction s allowed by law) was eager to refinance and refinance as his property values seemed to increase. He was encouraged to do so by the deductability of his mortgage payments.
Another unmentiond factor in the current disaster is the failure of the appraisal community to control the false increases in market value. How many bankers and real estate agents said “if you want to appraise my sales and mortgage values, you come up with the right house value.”?

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