MV Oil Trust (MVO): 'shady mortgage dealings' actually most...

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MV Oil Trust (MVO)

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Re: MrBankRoll post# 77

Tuesday, 10/12/2010 1:21:29 PM

Tuesday, October 12, 2010 1:21:29 PM

'shady mortgage dealings' actually most people knew the days of 20% down payment home loans to reliable workers had been replaced by a frenzy of 0% down payment loans to impecunious immigrants with dubious papers, and some very questionable appraisals.

not just home loans but boat loans, timeshare loans, car loans, vacation loans and yes, home improvement loans

a 1960s banker who lived thru the '30s wouldn't have loaned $20 to some of those borrowers

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