Replies to post #266 on Politics and Money

[properlynumb]

My point? After the Dot Com market failed and after 9/11, the economy looked dead.
Housing was the only thing moving.
No one dared stand in the way and greasing the wheels was good.
It always has been illeagle to lie on a loan application.
There is no ledgislation that makes it leagle.
But many did and won't be prosecuted, lenders and borrowers bouth.
Negative Amortization Loan? Intrest-only Mortgages? Balloon payment mortgage?
Who's crazy idea is that? Crafty little ways to get around common sence lending.




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phrantic
Thank you all