Comments by "Jeffrey Deuitch" (@jeffreydeuitch2146) on "Mortgage Lenders Are GOING BANKRUPT! (WORST Profits in 21 YEARS!)" video.

  1. You dont need subprime to have foreclosures. Once value drops way below loan balance, many will lose interest in making payments and ride out for couple years until foreclosed. Taxes do not drop proportional to value drop and insurance rates are high and generally dont drop unless petitioned so hold costs remain high. If income or employment drop, the decision gets made. Cash buyers bail to recoup as much as possible. It's so obvious and rooted in history.
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  2.  @hvaball150  yes, and more keys get turned in if value and equity drop.
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