“Furthermore, there’s nothing inherently wrong with the loan products themselves, according to Dinham. “They were designed to give the credit-challenged a chance,” he says. “To see if they could make it.” ”

Huh, what? They were designed to provide a brokers/lenders an easy commission and then dump the problem on someone else. How exactly did they expect these FBs to “make it”? By doubling their income magically in a year?