The Mudcat Café TM
Thread #118445   Message #2574732
Posted By: bald headed step child
24-Feb-09 - 11:36 AM
Thread Name: BS: Foreclosures and Repossessions
Subject: RE: BS: Foreclosures and Repossessions
My house was purchased on a Rural Developement loan through the Dept of Agriculture. It is in a small town(suburb).Fixed rate 30yr, so it should not be a problem as long as my job doesn't go away.

One of the big problems with the market now is something I heard yesterday.

At least 60% of the people given sub-prime loans actually qualified for regular prime loans and were never told that.

BHSC