AI
Sunday, August 26, 2007 1:44:33 PM
'customer has to be responsible for something'
Nelson, I totally agree. And I'm not by any means abdicating the responsibility of the borrower.
But for Countrywide not to even consider personal income, and not even offer a primary loan to a lender when they qualify is at least unethical, at worst criminal.
Regardless, it should be clear to all of us now that the practice of moving people into sub-prime mortgages because of high profitability is a flawed business practice. And Countrywide is by far the biggest offender.
*Populist Crap Warning*
Countrywide is getting what they deserve, and I hope it gets alot worse for them before it gets better.
Nelson, I totally agree. And I'm not by any means abdicating the responsibility of the borrower.
But for Countrywide not to even consider personal income, and not even offer a primary loan to a lender when they qualify is at least unethical, at worst criminal.
Regardless, it should be clear to all of us now that the practice of moving people into sub-prime mortgages because of high profitability is a flawed business practice. And Countrywide is by far the biggest offender.
*Populist Crap Warning*
Countrywide is getting what they deserve, and I hope it gets alot worse for them before it gets better.
"Give me Liberty, or give me... deathtotaxes"
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