11
Nov
Subprime Loan Perspective – Interview with Former Golden West Financial CEO
Another view on the subprine home loan mess from an industry insider. This is a serious interview with the former head of Golden West (i.e World Savings) that was bought by Wachovia in 2006:
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Prior related posts:
Jumbo Financing and the Impact on The San Diego Real Estate Market
Home Builders Pushed 100% Loans to Move Properties
Housing Values Will Cause Hundreds of Banks Will Fail
Summary of the “Housing and Economic Recovery Act of 2008
President Bush Signs Historic Housing Bill
San Diego City Attorney Wants City To Be Foreclosure Sanctuary
Reworked Subprime Loans … 40% End Up Defaulting
Fed Approves New Rules For Mortgage Loans … Too Little Too Late
Housing Slump Will Go Continue at least To 2009
Nation’s Mortgage Lender Records Loss of $2.2 BILLION +$1.1 BILLION Charge Off