Edgewood, WA Real Estate Blog

I posted the following comment to a post at The Tacoma News Tribune Open House blog.
I see a number of problems with the presidents plan.
There were some 6 million (your numbers show 7.5 million- the variance could be the fuzzy distinction/inclusion of alt-a w/subprime loans) people with no money and poor credit who purchased homes [...]

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“When banks compete,…” is right off the same page. All mortgage brokers do the same thing – they shop around and compare rates from different wholesale lenders. Remember, in the end money for mortgages comes from the same wholesale sources.

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