[Leisler]

.......“Why pay rent,” his wife, Janice, recalled the broker saying, “when you can buy your own house?”

Their loan application stated that their household income was $3,500 a month — even though Janice said it was actually closer to $2,000 a month. Their mortgage broker also listed on their loan application another $1,850 for rental income that they would receive from the two apartments which they had agreements to lease. That raised their annual income on the application from $42,000 to $64,200.

The broker, whom they knew and trusted, arranged for two mortgages — a $224,000 mortgage to cover 80 percent of the loan, and another $56,000 mortgage for the remaining 20 percent. Their payments on the “80/20” loan were $2,200 a month......."

>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>

Hey, what's the difference between these paper writing mortage guys.........and our politicians? A house, a country....what the heck, eh?

[geologist]

We are a trusting people. There are forces whose intent is to breakdown our whole system. They do not care how they accomplish it, just that it happens.

Communism.

Fascism.

Atheism.

Socialists,

Marxists.

Islam.

Muslims.

Jealousy.

We are too blase to believe the obvious?

[francisbacon]

This crisis was caused by SUBMARINE REPARATIONS - the libs knew they could not shove reparations through congress, so they used the community reinvestment act et al to give their cronies what they wanted.

[HighlyOpinionated]

Ping a ding a ring and thank you.