[quote=briansd1]eavesdropper, 1/3 to 1/2 of potential homebuyers do not not quality for a conventional loan.
Corporations and salesmen are very good at inventing new gimmicks to bring in the customers, if we let them. Too bad that we, the people, are also the backstop when the bad debts pile up. What do they care? They’ll be long gone with their bonuses.[/quote]
If they’d only turn their imaginations and creativity to something that would prove slightly less risky and volatile to the international economy.
I’ve been saying that for fifteen years now. Truthfully, I’m not holding out much hope.
