Didn't We Learn

| June 04, 2018
Share |

I saw a fascintating article on Bloomberg BusinessWeek recently that detailed how subprime mortgages are being originated and backed by the government.

Getting Rich on Government-Back Mortgages

Yup you read that right.

Check out his belt buckle.

He peddles government-backed mortgages to people who really do not qualify for these loans - based on their original intent.

Typically these programs are for those with poor credit but have the ability to put down 3.5% of the home's purchase price. However, many of these loans no longer need any downpayment and if they do there is a loan for that!

However, companies like these non-bank lenders have no skin in the game so why do they care what happens after they are paid to originate the loan.

Especially, when they have taxpayers (read as you and me) to back them up.

If you want part of this lucractive underbelly, don't worry just pay the focal point of the story $50 a month for access to Millionaire Mortgage University.

You can't make this up!

 

Stay Tuned, Disciplined & Patient! {TJM}

The Investor & Character Equation (ICE) | S + R = O

 

Disclosure
Please remember that past performance may not be indicative of future results. Different types of investments involve varying degrees of risk, and there can be no assurance that the future performance of any specific investment, investment strategy, or product (including the investments and/or investment strategies recommended or undertaken by Meyer Capital Group), or any non-investment related content, made reference to directly or indirectly in this blog will be profitable, equal any corresponding indicated historical performance level(s), be suitable for your portfolio or individual situation, or prove successful. Due to various factors, including changing market conditions and/or applicable laws, the content may no longer be reflective of current opinions or positions. Moreover, you should not assume that any discussion or information contained in this blog serves as the receipt of, or as a substitute for, personalized investment advice from Meyer Capital Group. To the extent that a reader has any questions regarding the applicability of any specific issue discussed above to his/her individual situation, he/she is encouraged to consult with the professional advisor of his/her choosing. Meyer Capital Group is neither a law firm nor a certified public accounting firm and no portion of the blog content should be construed as legal or accounting advice. A copy of the Meyer Capital Group's current written disclosure statement discussing our advisory services and fees is available for review upon request.

Share |