When do you think the mortgage crisis will reach its apex?
With 65,000 and still counting, how many more will lose their jobs to the mortgage crisis? 2 of the 13 largest lending companies have already filed for bankruptcy. Who should be held accountable? Should it be the mortgage companies fault or should the accountability lie with the customer? Macaroni; a job is a job regardless if it's deemed a "career" by your standards or not.
Asked By: Glen B - 9/12/2007
Best Answer - Chosen by Asker
BOTH. it's so distressing cause I bought my house a year and a half ago and now the market dropped and it's worth 30 thousand less (all the money i saved to put into a down payment is gone) but when I signed my contract, i KNEW what it meant. i KNOW i have a 7/1 year ARM, i KNOW that after 7 years my payment will... More
Answered By: VerdeOjos - 9/12/2007
Additional Answers (3)
I really think this is identical to the S&L scam of the 80's. No lessons have been learned and the tax payers will eat a bunch of it as the companies file BK under shell corporations designed to hide the officers assets... More
Answered By: netjr - 9/12/2007
It's no different than about 10 yrs. ago...in about 3 more years it will level off and the feeding frenzy will once again begin..and again it will bloat and spew forth more buying and selling...it' happens every 10yrs or so. I got lucky I was able to sell 2 yrs ago 2 1/2 times what I paid for 2yrs prior.Cha-ching.
Answered By: mad as hell - 9/12/2007
Those numbers are inflated. You are assuming that people actually had real careers. Many of them went into this business because of the boom. In my county alone we went from 300 real estate agents to over 1500 practically overnight. Same thing with mortgage brokers (even more so, since they didn't need a license... More
Answered By: macaroni - 9/12/2007
Over 483 Local Jobs Now Hiring In Your Area. $18-$87/Hr - Apply Today!
Click. Search. Apply. Free!
Jobs hiring near your local area. Part-time, Full-time, Work at home.
Sobre 287 Trabajos en tu area. $15-87/hora - Aplica Ahora.
Other Career Questions
What is your current job? Why did you choose this job? What do you enjoy about your job? What do you dislike about your job? What would be your perfect job? Would you rather have this j...
Where are the jobs? Is productivity and globalization creating a permanent “recession” of jobs? My main issue is I am doing a paper for school and have no idea where to begin. I was hoping suggestions...
Hi ok im 19 and about to start college to do an acess course into a university. Ive been browsing through all the courses and im tottaly stuck! I thought politics but im scared ill end up with some r...
Content is not owned or controlled by Monster. Any content concerns should be addressed with Yahoo!
Yahoo! Does not evaluate or guarantee the accuracy of any Yahoo! Answers content. Yahoo! Disclaimer.
Best-Paying Work-from-Home Jobs
It’s easier than ever to work from home. Of course, not every job is a mobile job, and some companies aren’t interested in having their employees work from home.
2013 Marketing Jobs Outlook
The US may be facing another year of anemic hiring overall, but that won't be the case in the high-orbit world of multichannel, digital media marketing.
2013 Engineering Jobs Outlook
Engineers will find job opportunities in select disciplines in 2013, with candidates who are all-around, client-oriented businesspeople in demand.
Best-Paying Jobs by Major
What could you earn with a particular four-year degree? Find out by checking out this list of the top-paying jobs for 20 of the most common majors.
Eight High-Paying, Secure Jobs
Want to earn a good salary and enjoy a measure of job security as well? Check out these well-paying jobs on tap for fast growth in the coming years.