1,093 views
Chris Sorensen
"USA HELP, Inc (A Non-Profit Corp)"
- 18 Helpful Answers
- 15 Answers
- 34 Blog posts
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Experience:
Founder for HELP
January 1988—present
Real Estate and Banking Expert. Tax Implications and property tax issues along with short…
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Real Estate and Banking Expert. Tax Implications and property tax issues along with short…
Specialties:
Education and motivation. I will speak at one of your events.
info@freehomeownershiphelp.org ... show more
info@freehomeownershiphelp.org ... show more
Certifications
& Awards:
& Awards:
Former Mayor
Former President of large mortgage banking operation ... show more
Former President of large mortgage banking operation ... show more
Interests:
God
My Wife ... show more
My Wife ... show more
About:
Serving the public as a Realtor and Mortgage Banker is a privilege, not a right. I have been reminding myself of this fact for twenty-one years and hope
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Testimonials:
"Please see the testimonial page on our web site:
www.freehomeownershiphelp.org" ... show more
www.freehomeownershiphelp.org" ... show more
Chris Sorensen answered:
Up and until the last few years, FHA loans were some of the best performing loans, despite the lack of down payment. VA loans, with zero down, are in fact the best performing loans today and they always have been. You see, its not the down payment, it the underwriting guidelines, or lack thereof.
The challenge we face today, has little to do with a borrower defaulting on a mortgage. It has everything to do with the largest financial institutions leveraging that mortgage 30 to 1. It's the lack of equity, coupled with job loss, furloughs, illness, etc.
The financial crisis, was brought on by greed at the top, not some poor family trying to achieve the American dream of homeownership.
The challenge we face today, has little to do with a borrower defaulting on a mortgage. It has everything to do with the largest financial institutions leveraging that mortgage 30 to 1. It's the lack of equity, coupled with job loss, furloughs, illness, etc.
The financial crisis, was brought on by greed at the top, not some poor family trying to achieve the American dream of homeownership.
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