Research Pit

[nlightn]

how did it all get started ?,...in a word,...GREED.

but how do i get the buyer to sign their name on the line to buy these exotic-type mortgages ?,...lift the lending practices.

the accompanying word in the lifting of lending practices by these SubPrime and Alt-A mortgages is NINJA (no income, no job verification or assets).

these exotic-type mortgages were always in existence. more so the concept has always been around, of how money is lent but as a investment vehicle for highly leveraged instruments such as hedge funds,etc. this concept was transferred to home mortgage companies and *poof* 'ya got your home'.

ah,..owning a home,...the american dream,...a home i can't pay the mortgage for,... will soon become the american scream !

JMHO,...