“...when fraud by appraisers, realtors and brokers was going wild”
Wow! A lot of folks in cahoots, please document your expose. Will be great reading....
Don’t forget that all this will put lenders in a double-whammy situation.
The reason that the sub-primes were encouraged is to get voter support for the Dems. They set up laws that forced lenders to give subprimes or face discrimination charges.
Now they won’t be able to give the loans, but won’t be able to not give the loans.... I’d get out of the business altogether.