Mortgage Guide

Duminos asked:

Rob Rubin in on the board at Citibank. And, he just took over the top position after the former CEO, Chuck Prince, resigned.

Prince made Citibank and consumers lose billions of dollars in sub-prime loans.

But, Prince is walking away with over $50 million.

Did Clinton’s man do a great job of protecting consumers? Or is he just trying to make his buddies rich at the expense of consumers?

Question posted courtesy of: Sarah

Eddy T asked:

A mortgage is a legal agreement by which Banks lend you money to buy a house.
Speculators turn mortgages into financial instruments for investors world-wide to invest to make profits.
US Sub-Prime Mortgage crisis and the credit crunch arose mainly because ‘economic factors’ effecting their values were ignored by investment analysts.

Question posted courtesy of: Martin

puja s asked:

I am doing MBA and have been given a topic -” sub-prime crisis and its impact on international financial market “. So i am a little bit confused that whether these two things are same or not ! also guide me for best reference material.

Question posted courtesy of: Angela

SimpleMan asked:

How many here are close to losing their home because of sub prime loans?

Question posted courtesy of: Tom

tuff2bme001 asked:

What are the major “low” lending standards that has caused the “sub prime” mortgages crises?

Question posted courtesy of: Arnold

Duncan w ™ ® asked:

The ‘body-american’ has been infected with many parasitic corporations over the years (Enron comes immediately to mind) and the advent of sub-prime lenders is just the latest chapter in this saga. In biology, a successful parasite allows the host to live so that it might continue to have a food source while an unsuccessful parasite ultimately kills its host, in essence signing its own death sentence.

Sub-prime lenders are not only killing off the host (borrowers) but are poisoning the herd. In what world is it OK for predatory corporations to financially destroy individuals while making huge profits and then, when the house of cards starts to collapse, just walk away leaving the national economy in a mess.

The worst part of this is that the regulators made it all possible by condoning the practice. SHAME!

Why is the financial industry so free to ruin the economy and still get government support in its quest for fewer regulations? Am I missing something?
True about houses but in many cases the markets have suffered sufficient losses so that the value of homes falls far short of the value of mortgages. Sub-prime lenders are now going tits-up and the CEO’s are walking away with millions of dollars.

Question posted courtesy of: Evelyn

davidmichigan24 asked:

Who is the most to blame for the sub-prime mortgage crisis in America? Do you blame the predatary lenders, irresponsible borrowers, bad economy in certain places, or people who borrowed with anticipation that there home would double in 3 -5 years (Phoenix, Las Vegas are two examples)

Question posted courtesy of: Frederick

mn4747 asked:

I have been reaidng alot that latley Prime is the only way to go unless you have great credit.

any info will be helpful, thanks

Question posted courtesy of: Ann

dance_hall_qween asked:

How are sub prime loans, the US mortgage situation, the credit crunch , Northern Rock and the loss of city jobs related ?why is this all very important? and what does this say about the state of the economy?

Question posted courtesy of: Rodney

vkak_hyd asked:

Explain in simple and understandable way for a novice stock market investor in India. And when does this crisis will be over/finish.

Question posted courtesy of: Scott