“if stuff falls that badly – what will stop thep eople who had no problem taking our ARMS/neg ams…from doing the same toxic/loan fraud crap all over again to “upgrade” to their new dream house.. ???”
23109VC, for a moment, I thought you are joking.
You are assumming that the lenders will continue to hand out toxic/negative amortization loans. Lenders are already in the process tightening credit standards.
Lenders have to protect their interests. The more home prices go down, the harder lenders will make it to obtain home loans.
