Twalla Robertson, The Sub Prime Crisis, and World Lending Services

Sept. 21, 2008 - PRLog -- "Thank God World Lending Services is not a lender, because we would literally be screwed!" according to a frank analysis by Twalla Robertson.

Delinquency problems began two years ago in the home finance market, particularily the  "sub-prime" mortgages. While many sub-prime borrowers were refinancing existing mortgages, and some were speculators, others were borrowers pursuing the dream of owning their first home. Many sub-prime loans had characteristics that we now know to be unsustainable - artificially low "teaser rates" that are now adjusting upwards to much higher rates unaffordable to many borrowers, steep pre-payment penalties, and complex features geared to the investor markets into which they were resold.  

"There is a reason people have sub prime credit scores in the 500's, they have bad credit! What in the world were the lending institutions thinking when developing these loans? If they have bad credit and problems paying bills, they're probably going to have a problem paying their mortgages," an exasperated Twalla Robertson asserts.

What began as a niche problem has now spread in dramatic fashion - delinquencies and foreclosures have skyrocketed, with an estimated two million sub-prime loans likely to default, creating a precipitous decline in housing values in many markets. As the ripples move outward, the crisis is now threatening the U.S. with economic recession, and setting off worldwide concerns about how the resulting credit crunch and possible U.S. recession will affect growth in countries rich and poor.

"Look at the stock market. It's in a worse state than the 1930's. It disgusts me how lending institutions, Congress, and The White House, allowed this to go on. Disgusting," a disgruntled Twalla Robertson exclaims.

World Lending Services is a lead generation company that does not deal with residential leads, but commercial leads. Looks like Twalla Robertson has a good head on her shoulders!

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Twalla Robertson was born in Birmingham, Alabama, on March 21, 1997. She grew up in the south, being raised by her mother, La Rue. Twalla was active in sports while growing up, a high school cheerleader, gymnastics, and in the debate team.