yes we all know that…..
}….
subprime lenders and their supply-chain are being squeezed. nothing new there. there are bound to be a plethora of imbecilic loan stories that can be touted as “the expected norm” in the future.
}…
but tell me this, what percent of the total loan base out there, out of ALL the people who have taken out loans over the last 30 years and share their beds with mortgages of all shapes and sizes, what percentage are sub-prime taken out in 2003-2006? tell me about millions of people paying on 30 yr fixed loans with no interest in selling their homes or seeing them as anyhting more than a roof over their heads. perhaps a holistic view of this problem might help to see if the effects of a sub-prime are being magnified or not.
}….
