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LazyDay

Liar Loans - 20% Of The Market?

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Eric is doing a great job updating us on general importance of Liar Loans and so I guess that the majority here do not need a formal proof of the magnitude of the problem. However, it might be of an interest that a very recent academic paper (Keys, Benjamin J., Mukherjee, Tanmoy K., Seru, Amit and Vig, Vikrant,Did Securitization Lead to Lax Screening? Evidence from Subprime Loans(April 2008). Available at SSRN: http://ssrn.com/abstract=1093137) estimates that securitization may have led to a 20% rise in delinquencies of "low documentation" loans in the US (even prior to credit crunch!!).

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Eric is doing a great job updating us on general importance of Liar Loans and so I guess that the majority here do not need a formal proof of the magnitude of the problem. However, it might be of an interest that a very recent academic paper (Keys, Benjamin J., Mukherjee, Tanmoy K., Seru, Amit and Vig, Vikrant,Did Securitization Lead to Lax Screening? Evidence from Subprime Loans(April 2008). Available at SSRN: http://ssrn.com/abstract=1093137) estimates that securitization may have led to a 20% rise in delinquencies of "low documentation" loans in the US (even prior to credit crunch!!).

Yer well............ Who can say the extent of the problem of Liar Loans in the UK --- BUT ---- WHEREVER someone bought a property in the UK with a Liar Loan -- ALL THE PROPERTIES AROUND WERE AFFECTED - THE "PRICES" WENT UP TO MATCH ---- THUS --- THIS IS THE REAL EXTENT OF THE DAMAGE OF LIAR LOANS -IT AFFECTED THE ENTIRE COUNTRY FROM END TO END....

i.e. IT AFFECTED EVERYONE AND EVERYWHERE!!!

Edited by eric pebble

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Guest barebear
Yer well............ Who can say the extent of the problem of Liar Loans in the UK --- BUT ---- WHEREVER someone bought a property in the UK with a Liar Loan -- ALL THE PROPERTIES AROUND WERE AFFECTED - THE "PRICES" WENT UP TO MATCH ---- THUS --- THIS IS THE REAL EXTENT OF THE DAMAGE OF LIAR LOANS --

i.e. IT AFFECTED EVERYONE AND EVERYWHERE!!!

I agree with Eric.

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Yer well............ Who can say the extent of the problem of Liar Loans in the UK --- BUT ---- WHEREVER someone bought a property in the UK with a Liar Loan -- ALL THE PROPERTIES AROUND WERE AFFECTED - THE "PRICES" WENT UP TO MATCH ---- THUS --- THIS IS THE REAL EXTENT OF THE DAMAGE OF LIAR LOANS -IT AFFECTED THE ENTIRE COUNTRY FROM END TO END....

i.e. IT AFFECTED EVERYONE AND EVERYWHERE!!!

Hi Mr Pebble... I would be interested to learn your thoughts regarding 'Non Recourse Loans' which, I am lead to understand, are the norm in N America?

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Hi Mr Pebble... I would be interested to learn your thoughts regarding 'Non Recourse Loans' which, I am lead to understand, are the norm in N America?

Well --- It just emphasizes the fact that here in the UK people are totally screwed.......

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  • 399 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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