Comments on: White House Jobs Forum To Include Small Biz http://www.microbusinessnewsbriefs.com/2009/11/white-house-jobs-forum-to-include-small-biz/ the smartest ten minutes in your business week Wed, 14 Jul 2010 15:59:45 +0000 hourly 1 http://wordpress.org/?v=3.0 By: Prof. Samuel D. Bornstein http://www.microbusinessnewsbriefs.com/2009/11/white-house-jobs-forum-to-include-small-biz/comment-page-1/#comment-117 Prof. Samuel D. Bornstein Mon, 16 Nov 2009 22:02:20 +0000 http://www.microbusinessnewsbriefs.com/?p=530#comment-117 Fact: According to NFIB Study..95% of self-employed small business owners have a home. Fact: 80% of all Americans refijanced their homes during the Subprime Era when home values spiked. Fact: Self-Employed small business owners were targeted by Lenders for Alt-A and Option ARMs Mortgages in 2004-2007 Fact: Alt-A and Option ARMs mortgages are due to reset and recast in 2009-2012 Fact: Fannie and Freddie hold vast amount of Alt-A and Option ARMs Fact: Small and Medium sized banks hold "whole" loans consisting of Toxic Mortgages, Alt-A and Option ARMs Fact: 80-94% of all Option ARMs were "Interest Only' Negatively Amortizing Mortgages Fact: Negative Equity is the leading cause of homeowners walking away from their homes CONCLUSION: The US Economy and Small business owners are in for a wild ride Fact: According to NFIB Study..95% of self-employed small business owners have a home.
Fact: 80% of all Americans refijanced their homes during the Subprime Era when home values spiked.
Fact: Self-Employed small business owners were targeted by Lenders for Alt-A and Option ARMs Mortgages in 2004-2007
Fact: Alt-A and Option ARMs mortgages are due to reset and recast in 2009-2012
Fact: Fannie and Freddie hold vast amount of Alt-A and Option ARMs
Fact: Small and Medium sized banks hold “whole” loans consisting of Toxic Mortgages, Alt-A and Option ARMs
Fact: 80-94% of all Option ARMs were “Interest Only’ Negatively Amortizing Mortgages
Fact: Negative Equity is the leading cause of homeowners walking away from their homes
CONCLUSION: The US Economy and Small business owners are in for a wild ride

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