Is There A List Of Wholesale Mortgage Lenders - 'Fannie and Freddie Were Lenders':U.S. Real Estate Bubble Nears Its End

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  2. Millions of households have bought homes by getting in over their heads. They are paying 35%, 45%, and even more of their annual income, on the home mortgage. This makes them dangerously vulnerable. Some think that if they own the house for 2-5 years, it will rise in price by $100,000-150,000, and they will sell to the next guy, in a rising real estate market. Soon there will not be a next guy. Many, many families hold two, two-and-one-half, or three jobs among the family's members to pay for the home. The next round of layoffs that wipes out one of these jobs, will leave them unable to pay their mortgage, leading to default.

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