Now that’s a good question that needs some good research into.
Now thats a good question that needs some good research into.
"how'come the borrowers encumbered by those loans didn't have a traditional mortgage in the first place?"The fact is they were encumbered by those loansharked instruments because they had not EARNED the privilege of good credit in the first place.
"how'come the borrowers encumbered by those loans didn't have a traditional mortgage in the first place?"