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To: meadsjn
60% of foreclosures due to cuts in income

I think I would need to call BS on this ap story, where is the hard data!

13 posted on 12/14/2007 7:05:11 PM PST by org.whodat (What's the difference between a Democrat and a republican????)
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To: org.whodat
I think I would need to call BS on this ap story, where is the hard data!

I agree. I don't buy this at all. I haven't heard about any widespread cuts in wages. These so-called "cuts in income" are probably just the difference between the fictitious incomes that they claimed on their loan applications and their actual incomes.
29 posted on 12/14/2007 11:09:47 PM PST by irishjuggler
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