You consider it ok if loaned to someone who has no business getting a loan? Harrrumph. I don't be believin' you.
CJ, these criminal mortgage lenders are lending money to unqualified, criminal, illegal aliens and illegally backing these loans with U.S. Taxpayer's dollars under the FHA/VA and HUD programs.
Their criminal activity has put us in jeopardy of yet another costly U.S. Taxpayer bail-out of another thoroughly defrauded federal program.
IMO, this is why this illegal money lending activity is all of our business, CJ. It negatively affects all of us, now and future generations to come.
It is if you are a depositor, shareholder, or a taxpayer responsible for the loan guarantee. What these lenders are doing is fiduciary malpractice.
I suggest a very large lawsuit.