12-17-2008, 05:11 PM
Acer wrote:
What do you call giving a worker who makes only $14,000 a year a nothing-down and nothing-to-pay-for-two-years mortgage to buy a $750,000 home,
Um, did this happen? I'm getting tired of all the hyperbole without seeing some real data on this subject.
It didn't happen that way. The $14K worker was told to claim a higher income and so they lied aided and abetted by the RE broker, the mortgage broker and the lending institution. Everyone lied.