Financial Expert Explains Today's Mortgage Crisis
SOURCE: Seeking Alpha
In this highly readable article the author, Markham Lee, examines a few possible causes of the current mortgage crisis. Primarily, and we have to agree, he places the blame on "bad products" in the mortgage industry. Mortgage services that were "simply bad ideas in the first place" and "put the customer in a precarious and unsustainable financial situation."
It's a regular discussion here at Steelhead, and one of the greatest advantages to having an experienced mortgage broker on your team. Unlike banks themselves, Steelhead is not trying to push any particular product to the investor, rather it is our position to examine all of the funding solutions on a day to day basis and find the right match.
Worth a read...
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In this highly readable article the author, Markham Lee, examines a few possible causes of the current mortgage crisis. Primarily, and we have to agree, he places the blame on "bad products" in the mortgage industry. Mortgage services that were "simply bad ideas in the first place" and "put the customer in a precarious and unsustainable financial situation."
It's a regular discussion here at Steelhead, and one of the greatest advantages to having an experienced mortgage broker on your team. Unlike banks themselves, Steelhead is not trying to push any particular product to the investor, rather it is our position to examine all of the funding solutions on a day to day basis and find the right match.
Worth a read...
Read full report »
