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The New DU. Reply #8: You were savvy enough to navigate your real estate transactions
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flashl
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Sat Jan-12-08 11:36 AM
Response to Reply #5 |
| 8. You were savvy enough to navigate your real estate transactions |
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unfortunately, records reveal that many first time homebuyers relied on and were steered into deficient products by mortgage 'professionals'.
Just recently, Countrywide borrowed $51B from the government using as collateral its mortgage portfolio with more than 60% of those mortgages WITHOUT income verification.
If the borrower was at fault for orgination of the loans, who is responsible for the continued use of the same deficient loans as viable monetary transactions?
This is not about borrowers.
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