REALonomics Polls Begin
Posted by REALonomics on April 3rd, 2007
REALonomics has been watching the blogs and the wires. Opinions about the impact of the Sub Prime lending problem run the spectrum. So, we decided to poll readers. Polls will become a new category of REALonomics.net. Watch for the hotest polls on a variety of subjects. Cast you vote…leave a comment…recommend a poll.
What’s your opinion about the impact the sub-prime lending problem will have on real estate sales throughout 2007? Please indicate your vote below.
If you have a suggestion for a REALonomics poll use our contact form.
Popularity: 23% [?]
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I can only comment on the real estate and mortgage related business and clientele we have had in the few years. Which is that about half of all our clients for residential purchases can be labeled subprime borrowers. Many of our clients from our sister company Primemax Realty have been subprime borrowers buying our listings, and of course when the subprime borrowers can no longer get the 100% loan at 590 fico then they don’t purchase homes, and we end up with more inventory.
The sub prime market is at last “self regulating”. Investors have re-discovered risk and are starting to flee from anything attached to the sub prime market.
For example, q1 issuance of sub prime mortgage backed securities declined by 37 percent compared to last year. For details check out:
http://economicdespair.blogspot.com
For those who are interested, we posted a poll asking how the upheaval in the subprime market has affected business. Those likely to answer the poll are mortgage brokers, but others in the industry are welcome to answer. The poll is still open for votes at: http://blog.directmortgagewholesale.com
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