12-17-2008, 03:08 PM
>>Um, did this happen? I'm getting tired of all the hyperbole without seeing some real data on this subject.
Essentially, yes. the companies creating the loans simply resold them so it didn't matter if the customer could pay or not.
there is some hyperbole with the numbers but mortgage brokers regularly encouraged people to get as much as they could afford paying interest only.
Essentially, yes. the companies creating the loans simply resold them so it didn't matter if the customer could pay or not.
there is some hyperbole with the numbers but mortgage brokers regularly encouraged people to get as much as they could afford paying interest only.