tag:blogger.com,1999:blog-3098264341625381422.post3004892299189236670..comments2024-03-18T17:01:07.165-07:00Comments on The Provocateur: Comparing the Sub Prime Crisis With The Impending Loan Modification Bubblemike volpehttp://www.blogger.com/profile/02999118519606254362noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-3098264341625381422.post-73270435627437504492009-01-17T19:34:00.000-08:002009-01-17T19:34:00.000-08:00I am not a Mortgage Broker, but I did write loan a...I am not a Mortgage Broker, but I did write loan applications and everybody points their fingers at the Brokers. Well I think if the Banks who were the entities who loaned the money irresponsibly! If they didn't offer these sub prime loans where a person could get a 106% mortgage with a stated self-employed FICO score of 580, then Brokers would not have submitted the loan applications would they? After all they are not submitting those applications today are they ? Why not? Because the Bank will not fund the loan!<BR/><BR/>If the Bank wasn't offering modifications then Brokers would not process them would they? Why not keep the focus where it belongs?<BR/><BR/>With the people who gave that money away. Not the Brokers they only respond to the market. They are small potatoes trying to squeeze out a living themselves trying to avoid foreclosure. Brokers don't have the power! Banks have the Power! Government has the power! Wake up people!Anonymousnoreply@blogger.com