The fake rich man and the beautiful goddess guest chased me

There is a big difference between "subprime mortgages" and normal "prime mortgages".

People with low credit cannot apply for prime loans and can only seek loans in the secondary market.

The interest rate of "subprime mortgages" is usually 2% to 3% higher than that of prime mortgages.

It can be said that subprime mortgages refer to housing mortgages issued to low-income, minority groups (such as blacks), families and individuals with low education levels and lack of financial knowledge.

Although Freddie Mac claims that they use complex risk management tools, systems and strategies to protect the interests of investors under drastic interest rate risk changes.

But who would believe it!!!

Lin Feng read an article in his previous life.

Fannie Mae and Freddie Mac, two strange companies supported by the US government, are the real culprits of the US subprime mortgage crisis.

Lehman Brothers, Merrill Lynch and countless investment banks that went bankrupt in the subprime mortgage crisis are just victims.

The ten black people that Lin Feng asked Pan Mingjie to hire are "actors".

"Actor" No. 1 Veblen Weisz was sitting in Freddie Mac's sales department.

Ding Xian pretended to be a customer waiting in line, sitting at the best angle to clearly capture everything.

The ultra-small eavesdropping device had been installed on Veblen Weisz.

Weisz was an authentic American black.

He grew up in Queens since he was born.

Weisz grew up in a single-parent family.

His mother ran away with others when Weisz was still sensible.

And Weisz's father, like most black people in Queens, had no education, was unwilling to go out to work and earn money, and took government subsidies, and his main occupation was a gangster!

Weisz's father was shot to death by someone because of a gang fight when Weisz was 16 years old.

Although Weisz received a compensation fee, it was squandered by him not long after.

Weisz, who was born in such a family, naturally did not receive any education, and gradually followed his father's old path, relying on government subsidies to make a living.

His only asset is a house in Brooklyn left to him by his father.

However, without a proper job and income,

Weisz can't even pay the property tax he needs to pay to the government every year.

If this continues, the house will be taken back by the government and auctioned off.

Freddie Mac Sales Department.

Weisz is talking to the staff who received him about the loan business.

At the same time, Ding Xian's micro camera is recording the scene at the best shooting angle.

And Weisz's high-tech recording equipment also starts recording.

Freddie Mac's staff asked: "Sir, do you want to apply for a mortgage loan?"

Hearing the staff's question, Weisz replied: "Yes!! I want to mortgage my property in exchange for a loan!!"

Staff: "How much loan do you need?"

Weiz felt that he seemed to have forgotten the "lines" given to him by Pan Mingjie. He scratched his head and said: "How much loan???"

Fortunately, Weisz remembered it immediately before he was exposed: "My property in the center of New York is worth at least 400,000 US dollars!!"

"So... I want to borrow 350,000 US dollars, how about it???"

The white staff member named Ferguson Eller on his work badge smiled contemptuously.

Downtown New York?

Queens can also be called the center of New York?

Indeed, according to the geographical location, Queens is indeed not on the edge of New York.

Although it is not like Manhattan, it is the real center of New York.

But Queens is actually not far from Manhattan! !

However, as a black community and crime-ridden Queens, there is no normal person buying property in this neighborhood!

This is the worst place in New York City, where unemployed blacks gather and shootings happen every day!

Let alone white people.

Even those who have a decent job, a high degree, or those who are striving for progress will not choose to live in Queens!

As for the price of real estate?

If it were Manhattan, an ordinary house would be worth more than 1 million US dollars.

But a place like Queens?

Although I haven't specifically surveyed it, no house in Queens is worth 400,000 US dollars!

Even 200,000 US dollars, or even 150,000 US dollars, is the highest price.

Moreover, even if the market value of this Weisz house is really 400,000 US dollars, he wants to borrow 350,000 US dollars?

Loan 87.5% of the house value?

Isn't this a little too presumptuous?

According to normal loans, even preferential mortgage loansIf a loan can be made, it is very conscientious to be able to lend 30% to 40% of the market value of the mortgaged property.

However, Ferguson followed the first rule that the company told every employee during training. How can you miss the business that comes to your door? ?

Anyway, a loan was not successfully processed. When the contract is completed and the customer gets the loan, the company can receive a very generous commission.

And all Ferguson needs to do is give the customer a good evaluation and then help him connect with a bank or investment institution.

And as a salesperson, he can also receive a bonus.

So, Ferguson patiently explained: "Mr. Weiss, in fact, we will have a special agency to evaluate the value of your property. You don't have the final say, and neither do I."

"But we will try to give you a higher price."

"As for the loan amount, here, customers with the highest credit rating can have a mortgage value of 35%."

"Of course... you come here because you can't get a loan directly from the bank."

"The interest rate of our mortgage loan will be a little higher than the bank's standard loan rate."

If it were an ordinary person, hearing that his property could not be mortgaged to the amount he wanted, he might still argue a few words.

But Weiss is an actor.

He didn't know what the man named Ferguson was talking about.

Weiss only knew that as long as he memorized the lines and performed the play, he would receive a considerable reward.

Ferguson said, "I will evaluate your credit rating now."

"Credit rating is very important to you."

"If the rating is high, you can not only easily get a loan with a higher amount, but also a lower interest rate."

Actor Weisz has already memorized the information prepared by Lin Feng's team.

This is a virtual character of Weisz compiled based on Weisz's own background.

Just like the character that the director team of "Love Match" originally gave to Lin Feng.

However, the difference is that the director team's character has dozens of pages, but Weisz only got one page.