Best Mortgages

[abdulakame]

I tried to Spam URLs. I am completely retarded. People like me should know better than to try and Troll these forums. I should be tared, feathered, and beaten with the moron stick. I am utterly incompetent.

[Breeze]

Wow those are some really good rates. I have always wondered how a bank could loan money below prime.

[jmac00]

Wow those are some really good rates. I have always wondered how a bank could loan money below prime.



hehehehe, have you seen what has happened to the subprime market in the last 4 days?? A whole bunch of subprime lending companies are in deep do-do.

New Century finance ( NEW [stock symbol] ) had to stop trading yesterday when it's stock plunged 80% in about 2 hours. Today the SEC said they are removing there trading status from the NYSE. :baby

This is leading to a small collapse of the lending sector, Goldman Sachs, Leman brothers and Credit Suiss are all "down" over the last few days.

( FWIW: a subprime lender is simply a company that loans money to poor credit and high credit risk type people. Those folks usually end up paying Prime rate PLUS 3%-6%, many bankrupt people end up in the subprime sector and pay 12%+ for a mortgage :eek: and with all the lay offs, it's no surprise that bankruptcy filings are up by 20% over this time last year. the feds ain't helping any when they raise the prime rate )