[oldironsides]

What ever happened to common sense lending? Huge realty corporations with in house mortgage and transfer companies can be trouble. They own the whole package and made large sums off each transaction x 3. Title, mortgage and seller / buyer agency. It is illegal to represnt both but they did it easily.

[RSmithOpt]

Cuzzzz....the board members , CEO.'s etc. of banks, real estate companies, construction companies, and the mortgage companies. are just like all the others in the various industries across the world and that is:

"We must increase our cash flow on the books so we can it look like we are growing...(etc). It affects our bonuses, you know, and that's why we work they way we do."

Basically, they used poor and majority deceitful business practices to take investors dollars and stick in in their pockets in the form of stock dividends, bonuses and salary increases. And now, the cat is out of the bag. Can we have an ENRON please???

[BUDDYCAT]

Common sense lending went by the way side when banks decided to lend off your "credit score". Some arbitrary number that no one can explain what it is based on, that can change one day to another, and has allowed people to obtain mortgages with virtually no credit history.

[mylife]

What ever happened to common sense lending?

They just got plain greedy

Whats in your wallet?