SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?


To: Lizzie Tudor who wrote (69527)12/27/2006 6:39:30 PM
From: CalculatedRiskRead Replies (1) | Respond to of 306849
 
I'm really not sure, but I think some of these lenders just fed loans to Wall Street to package. In recent years there was such a surge in loans (especially refis, and subprime) that they just needed more people to process the loans. Now that that surge is going away and investors are leary of lending standards - these fly-by-night outfits go away.