167073 Resource 164804 165387 165387 1177348802483 1177348802483 Controlled Sub-prime Again and Then Lets End it.

Phoenix loans and mortgage market

Most of the comments in the news about sub-prime loans have ended and for good reason and a good buy.  It has been very much overblown.  Ben Stein a commentator of "Sunday Morning" 3/18/07  said it best. "Yes... the companies that made those (sub-prime) loans are in trouble" But, as he notes, "Foreclosures are now about 1 percent of loans.  The lenders will sell the houses and recover at least 50% of the value.  That means the total loss may be about half of 1 percent of the mortgages made and probably less, and a lot of it is inured (PMI).  So there is no need to panic.  Although lenders overall have become more carefull with lending, I have come across lenders that are more aggressive now then they were during the gung-ho times of just a few years past.  It's possible to get some very interesting loans.  People should buy now, the big guys are, REITS, Goldman Sachs, get real estate while the "going is good." 10 application/xml false investing in phoenix real estate mortgages in phoenix arizona sub-prime lending in phoenix Mozilla/4.0 (compatible; MSIE 7.0; Windows NT 5.1; Tablet PC 1.7; .NET CLR 1.0.3705; .NET CLR 1.1.4322; .NET CLR 2.0.50727) 127.0.0.1 127.0.0.1 aciesielski false true false false true 176502 false false true false false false true 164804 blog blogsite/ArturCiesielski/web