Doing the Neutron Loan

Started by Riversider

almost 15 years ago

Posts: 13572

Member since: Apr 2009

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“All of the old-timers knew that subprime mortgages were what we called neutron loans — they killed the people and left the houses,” said Louis S. Barnes, 58, a partner at Boulder West, a mortgage banking firm in Lafayette, Colo. “The deals made in 2005 and 2006 were going to run into trouble because the credit pendulum at the time was stuck at easy.” http://www.nytimes.com/2007/08/19/business/19credit.html?_r=1

Response by Riversider

almost 15 years ago

Posts: 13572

Member since: Apr 2009

The downsizing of Santa Ana came as a surprise partly because annual estimates from the state's Department of Finance had shown the city was growing.

The state estimated Santa Ana's population was 356,307 as of April 1, 2010, said John Malson, acting chief of the demographic research unit at the Department of Finance. That's almost 10 percent higher than the census count for the same date.

Why the discrepancy? One big difference is the number of vacant homes. The census found more than twice the number estimated by the Department of Finance.

http://www.ocregister.com/news/census-293890-city-santa.html

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Response by Riversider

almost 15 years ago

Posts: 13572

Member since: Apr 2009

http://www.youtube.com/watch?v=WhcjRoU0C7g

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