Subprime Blogger Goes Full Time Starting July 4th
For those of you that were unaware, Subprime Blogger is owned and written by one person…..me. For the last eight months, I have been writing, marketing and performing SEO for this website coupled with being a full time retail manager. If you would like to know how I feel about my retail management job please [...]
Subprime Blogger vs President Obama Investment Challenge
For those of you who were not aware, I started the Subprime Blogger vs. President Obama Investment Challenge on March 22nd, when President Obama made the statement, on National TV, that the “dollar was still strong.” I completely disagreed and since then, our investment return results are as follows: Subprime Blogger DBA – Up 3.67% [...]
Subprime Mortgage Crisis – Is it Old News?
Subprime has been a buzz word for what seems like forever in the mortgage industry; well, its really only been about three years, but with as much mortgage news coverage as there has been on it, it does seem like forever. I have started to hear that some analysts are predicting that the “subprime” part [...]
Thank You to all the Subprime Blogger Readers
I would like to personally thank all of you who read and contribute to this blog. When I first created Subprime Blogger, I hoped to make Mortgage Rate Predictions and inform readers on the truth about the mortgage and housing market. Way too many people were snowed over with inaccurate facts and media bullshit. I [...]
Daily Mortgage Rates News – Subprime Will End Bank of America?
Over the last six months I have been very harsh, yet honest, in my thoughts about Bank of America. In January I posed the question “Will Bank of America File Bankruptcy?” This was prior to main street realizing just what was going on behind closed doors in Charlotte, NC. Just before the mention of bankruptcy [...]
Subprime Lending Changed the Mortgage News Industry
Prior to February of 2007, “Mortgage News” was a keyword that was searched at a rather consistent rate. There were seasonal peaks and valleys as there are with many keyword searches, but there were rarely extreme peaks that showed national interest. In February of 2007 that all changed! When the subprime mortgage crisis became national [...]
Subprime Loans are What Caused the Financial Crisis?
Subprime loans are one of the main reasons we are in a global financial crisis. When loans for over $250,000 were given out to people who made less than $50,000 a year, you knew a problem would eventually arise. There is no way that someone can afford to pay a loan that is FIVE times [...]
Subprime Mortgage Brokers – Will They Get You Lower Mortgage Rates?
To be completely honest, subprime mortgage brokers do not have the authority to get you a lower rate. Your rate is determine by the risk of default. If you are considered a subprime borrower, your risk of default is elevated due to the financial troubles you have had in the past. The best option is [...]
Will the Subprime Mortgage Crisis Cause Retailers to Go Out of Business?
Prior to 2006, subprime mortgage and crisis were rarely, if ever, uttered in the same sentence. It was the American dream to own a home and EVERYONE should have that right. It did not matter if they made $6 an hour of $600 an hour, they still deserved to own a home in this great [...]
“Not Everybody Can Own a Home”
“It is ridiculous to think that everybody in this country can own a home. Many of you are not mature enough, not smart enough, you don’t earn enough, you are not responsible enough. Most of you are, some of you are not. It does not mean you are bad people. I have somebody in my [...]
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