Comments on: Me Thinking Home Mortgage Disclosure Act Data is Improperly Skewed

By: Surviving A Recession

Surviving A Recession — Thu, 05 Mar 2009 09:11:38 +0000

It would seem to me that the industry really set itself up for failure. As did the borrowers as well. Why would someone set themselves up to fail. Borrowing several times what you can afford is just foolish. It is amazing how people fool themselves or allow themselves to be fooled into justifying something that they know to be wrong. The HDMA numbers shed light not only on abuses in the mortgage industry but also into the way people think.

By: manhigut

manhigut — Fri, 27 Feb 2009 21:05:30 +0000

Thanks for share another point of view about mortgage.

seems i need to learn a bit more about mortgage before makes a decision.

By: JeffX

JeffX — Tue, 14 Oct 2008 23:59:11 +0000

Will be back on 10/16/08
Checking my email sporadically...

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Jeff Corbett
Real Estate Futurist
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By: JeffX

JeffX — Tue, 14 Oct 2008 23:57:11 +0000

By: BusinessWeek » Blog Archive » Subprime mortgages–good luck getting one

Fri, 12 Sep 2008 09:07:08 +0000

[...] the way, check out the XBroker blog analyzing the quality of the HMDA data a few months [...]

By: Hot Property » Subprime mortgages–good luck getting one

Hot Property » Subprime mortgages–good luck getting one — Thu, 11 Sep 2008 20:58:16 +0000

[...] the way, check out the XBroker blog analyzing the quality of the HMDA data a few months [...]

By: zubispeak

zubispeak — Tue, 17 Jun 2008 13:04:25 +0000

Jeff, this is a great post and I will look at it from another point of view.
Any policy or rule is only as good , as the people working with them.
As long as the customer is trying to get what he wants, not what he needs or can afford , just because his buddy in a golf club has a bigger house and he wants the same,
there always will be a job for scamers , helping the "blind sheep" to jump off the cliff.
For a fee, of course!!!

Numbers don't lie, only people working with them sometimes do !