TheWritersCafe.org » 2009 » February

TheWritersCafe.org » 2009 » February: "Now lets turn our attention to the old money or fat cats of the economy. These guys can not even imagine investing say 10-20 thousand for anything less then 10%. It is their greed which has fueled the sub prime mortgage crisis. You see the prime landing rate came down in recent years to say between 3-5%, however greedy investors sneeze at that kind of ROI (Return On Investment) so they invented a new kind of “hard money” real estate loan and called it sub prime mortgages."