chicken and egg. there wouldn’t be a buyer without a mortgage. least not at the dumb price possible with amortgage. the bank sts it all in motion by making the money available.

kinda like drugs. the bank is the dealer, the homedweller is the druggie. yeah, there wouldn’t be any drug trade without eager users, but ya gotta have a salesman and there is definitely nothing happening without asteady supply of drugs. i’d say the prime mover in the drug example is the drug dealer, adn i’d say the prime mover in real estate is the finance. it’s all about access to big piles of money, rights?

let’s face it davelj. everything in this world has a price. the moral component has probably been quanitified, spliced diced and tranched, and the banks know exactly what that component is worth.

there is no morality here, at least not as I understand it. there is a “qualm” a historic “hesitancy” which makes the bank slightly more willign to lend at a certain rate. take it away, and you ahve the exact same number of mortgages at a different rate. what banks are gonna say, eff this, we’re never lending again, these homeowners are cutthroat? please.

maybe in your biz, where you have one-off larger transactions, the honor of the borrower would playa much bigger role.

but here, it’s just more processed poultry for the slaughterhouse, all weighed and priced in advance.

we’re all just chicken wings, backs and beaks in an infernal machine that cares not a whit about us, any mroe than the poultry farmer cares for any chicken, or any drug dealer cares for any particular crackhead.