So i be watching the communication ealier today and they be conversation more or less the crash contained by mortgage companies and how?
it could effect the U.S economy, mentioning that the value of the U.S dollar can collapse by 50% within the next few years to come if not sooner...and how some folks were already investing over seas and selling their dollars....i cant remember who reported it. But i resembling to get some opinions on that by the individuals.thanks.
Answers:
I think profoundly of the American economy is smoke and mirrors. because we have become so dependent of import goods we no longer have the industrial dimensions to support ourselves. This combined with the large number of company's moving operation over sea's makes the market more unstable. The Mortgage company's and in that stretch to make loans to every one is not unlike the Savings and loan buy out of years ago. the loan companys are urged to loan out money to keep the smoke and mirrors econmy going. IE if general public are spending money, even if its not theres, then the econmy must be ok. but when there is not mode to pay it back or go and get more then the smoke clears.
Related Questions:
What is the assistance of getting a mortgage through a mortgage broker to some extent than a ridge?
As a Licensed Loan Officer I agree with the first line of Simon's answer. Brokers are not locked into any programs. It's approaching a graph sheet and the Bank's programs, where most of their Loan Officers...
Answers:
I think profoundly of the American economy is smoke and mirrors. because we have become so dependent of import goods we no longer have the industrial dimensions to support ourselves. This combined with the large number of company's moving operation over sea's makes the market more unstable. The Mortgage company's and in that stretch to make loans to every one is not unlike the Savings and loan buy out of years ago. the loan companys are urged to loan out money to keep the smoke and mirrors econmy going. IE if general public are spending money, even if its not theres, then the econmy must be ok. but when there is not mode to pay it back or go and get more then the smoke clears.
Related Questions:
What is the assistance of getting a mortgage through a mortgage broker to some extent than a ridge?
As a Licensed Loan Officer I agree with the first line of Simon's answer. Brokers are not locked into any programs. It's approaching a graph sheet and the Bank's programs, where most of their Loan Officers...