Comments on: Confessions-of-a-Subprime-Lender http://blog.pmaclennan.com/2008/07/17/confessions-of-a-subprime-lender/ Inside commercial hard money lending. Fri, 08 Jan 2010 23:29:45 -0500 http://wordpress.org/?v=2.8.6 hourly 1 By: Austin MLS http://blog.pmaclennan.com/2008/07/17/confessions-of-a-subprime-lender/comment-page-1/#comment-237 Austin MLS Fri, 26 Sep 2008 22:11:51 +0000 http://blog.pmaclennan.com/?p=62#comment-237 That is pretty interesting to read from someone that had upfront knowledge of what was happening. I just hope we dont repeat this nonsense in 20 years. "There’s a good point in that article about how investors’ actually desired mortgage related securities" I never thought about that side of the equation but it makes sense. That is pretty interesting to read from someone that had upfront knowledge of what was happening. I just hope we dont repeat this nonsense in 20 years.

“There’s a good point in that article about how investors’ actually desired mortgage related securities”

I never thought about that side of the equation but it makes sense.

]]> By: Credit Card Discussion Forum http://blog.pmaclennan.com/2008/07/17/confessions-of-a-subprime-lender/comment-page-1/#comment-189 Credit Card Discussion Forum Thu, 14 Aug 2008 21:19:46 +0000 http://blog.pmaclennan.com/?p=62#comment-189 There's a good point in that article about how investors’ actually desired mortgage related securities, which pressured more mortgages to be handed out. Real estate was booming and investor's wanted a piece of the action (mortgages) so securities were created to do this. I give the author credit for pointing this out. It's important to remember that the actual lenders are not 100% to blame. There’s a good point in that article about how investors’ actually desired mortgage related securities, which pressured more mortgages to be handed out. Real estate was booming and investor’s wanted a piece of the action (mortgages) so securities were created to do this. I give the author credit for pointing this out. It’s important to remember that the actual lenders are not 100% to blame.

]]> By: Eric B http://blog.pmaclennan.com/2008/07/17/confessions-of-a-subprime-lender/comment-page-1/#comment-172 Eric B Thu, 24 Jul 2008 00:21:15 +0000 http://blog.pmaclennan.com/?p=62#comment-172 Interesting you mention this. this is the reason I think too that the economy overall will take longer to work itself out. Taking on more than one can afford as a company only makes the healing process longer. Interesting you mention this. this is the reason I think too that the economy overall will take longer to work itself out. Taking on more than one can afford as a company only makes the healing process longer.

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