Comments on: Bad Credit Mortgage Refinance

By: Dina Elks

Dina Elks — Tue, 12 Oct 2010 04:34:16 +0000

AIG provided financial insurance for the firm who purchased the mortgage paper. When it turned out that paper was risky AIG found itself over exposed, having to cover so many bad debts. (BTW. . . not because individuals couldn’t afford the homes. . . mostly because the terms of the loan were changed, interest rates skyrocketed, payments doubled, etc. . . or, the house declined in value, making the loan risky by definiton, because the property could no longer secure it).

By: Gabriel Battle

Gabriel Battle — Wed, 19 May 2010 14:56:22 +0000

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By: Allen Taylor

Allen Taylor — Wed, 19 May 2010 08:00:47 +0000

Nice writing. You are on my RSS reader now so I can read more from you down the road.

Allen Taylor