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Originally Posted by Yznhymr
I love that email. I got it yesterday. Almost moved me to tears. Sad no one in power (or soon to be in power) have the brains, audacity, or balls to do something like this.
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Read it again but this time do the math yourself.
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A friend of mine in an investment firm informed me most mortgages given were done because they were "forced" into it because they could not discriminate.
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I don't believe that. Either a person is qualified for a mortgage or not. I see the problem as;
1- greedy people trying to make money by turning houses in the bubble, and
2- Greedy lenders talking people into predatory mortgages they didn't understand.