May 29, 2007
Subprime Mortgage Meltdown: Now GOOD Borrowers Are Having Their Credit Scores Affected Too!
Subprime mortgages are finally starting to bite - and bite hard! The hand that fed the FICO-challenged amongst us for all these years is in danger of 'losing' a few fingers very shortly!
Worse still, a massive tightening up of the way in which FICO scores are given out could make things difficult for GOOD home loan borrowers as well!
It's a frightening reality - financial institutions across America really are starting to sit up and take notice of the ever-growing financial threat presented by tens of thousands of home owners 'perilously close' to defaulting on their mortgage payments.
The following 4-minute video offers some revealing insight into the extent of the subprime woes, plus tips on how to avoid possible fallout from credit tightening. Check it out…
If you've got something to say about the "subprime debacle" then please share your thoughts and opinions below. This is a very serious challenge to the financial well-being of the US economy; not just a kick to the groin of a few slack-arse bad payers!
2 Comments on Subprime Mortgage Meltdown: Now GOOD Borrowers Are Having Their Credit Scores Affected Too! »
May 30, 2007
John M @ 9:58 am:
Good Youtube find! On a technical note, the link in your e-mail broadcast went to the sight, but didn't bring up your post. The link under "Recent Posts" worked fine, though.
Glad you're back! And congratulations on getting that Youtube beastie to embed. I found the operation quite a challenge.
June 21, 2007
Investment Banking Monkey @ 8:57 pm:
What can I say - you got me hooked when I saw the title -"Ramblings of a grumpy ex banker". Being a grumpy investment banker myself, I thought I would drop you a line. I run a grumpy blog making fun of the banking industry. Drop by if you want a laugh.
http://theallnighter.blogspot.com