Updated: Sep 6
Happy Market Update!
Wow. If you don’t already know, we have had a series of banking problems. I started in the mortgage industry in 2004. We allowed stated income and even 100% loan to value investment purchases. Yes, there were premiums for more “riskier” mortgages, but man, what a time to be alive. And then…man, what a time to not be alive! From 2007 until 2010, things did not look good. You may be old enough to have lived through it like me. You may be too young to remember, other than maybe watching your parents freak out. It was bad.