Quote:
Originally Posted by Yznhymr
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. That shaffs my ass. Whay can't a bank say no? It's a sad state of affairs when the liberals force businesses to do their bidding by threatening discrimination, then turn and blame the conservatives running the businesses who honestly do want to make a dollar for their effort.
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Quote:
Originally Posted by xoxoxoBruce
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.
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But isn't a lot of this the result of
Bush's (not a liberal) plan to increase minority home ownership? I mean, ARM's have been around forever, why is it that suddenly no one understands them and they are predatory? What changed?