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They're baaaaack ...

Started by alanhart
over 15 years ago
Posts: 12397
Member since: Feb 2007
Discussion about
liars' loans!!!: http://www.phoenixrealestateguy.com/are-stated-income-loans-coming-back/
Response by Riversider
over 15 years ago
Posts: 13572
Member since: Apr 2009

Regardless of whether you think this represents good borrowing, the real question is why would somoene invest in these?

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Response by alanhart
over 15 years ago
Posts: 12397
Member since: Feb 2007

Because you'll repay if the borrow won't?

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Response by Riversider
over 15 years ago
Posts: 13572
Member since: Apr 2009

If the idiots (usually the tax-payer) didnt' finance these loans, they would not be made.

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Response by steveF
over 15 years ago
Posts: 2319
Member since: Mar 2008

alan,
S-cks for the rest of the world but Manhattan is fundamentally shielded from subprime(COOP-CONDO BOARDS)

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