Quote:
Originally Posted by classicman
...It seems as though subprime is less the issue than credit score
....To say that none of these banks were forced/coerced/encouraged to lend to more people seems unbelievable to me.....
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You cant separate the sub prime from credit scores since most with bad credit became the market for the un (under) regulated sub prime lenders during the post-2000 housing boom...and most were with an adjusted rate.
I would agree with encouraged...but certainly not forced or coerced.
And again, it still ignores the question of the necessity (or not) of better regulation of both the lender and borrower.