Why did the Treasury issue regs increasing underwriting standards last year
when they should have done that 5 years ago.
why were unlicensed brokers allowed to handle mortgage products?
the fed could have cracked down insisting that brokers be licensed
the same way as stock brokers are and we’d have seen far fewer
liar loans
consumers are stupid, but the money tribe has been total evil.
Habitat ofr humanity sells you a home with 0% interest mortgage,
and the weevils show up with acash back re-fi that
sets them up for a rate they can’t handle.
