[cobra de capell]

Originally Posted by Excaliber

While Home owners have to accept responsibility for bad financial decisions there is NO DOUBT many mortage brokers were offering sucker deals and not disclosing the risk. I've been telling my friends for years, well before the current home market boom, just because the bank WILL loan you X amount doesn't mean your smart to accept it.

And now a serious question:
My home loan is through Countrywide Mortgage, 5 point something percent, fixed, small amount, I'm happy! There assuring every thing is fine, no problems, blah blah while their stock is falling through the floor and their bleeding money and can't BORROW anymore. IF they go bankrupt, how will that impact ME?

My 2 cents: if they BK, which isn't likely now that B of A has invested in them, assets (including your loan) will be sold off to another lending with no impact on you. 5 somthing fixed (depending on how long it's fixed) is a great deal!