Inside the Liar’s Loan
Posted by US Loan Auditors in
Mortgage Crisis on 06 26th, 2009 |
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Originaly by Mark Gimein: How the mortgage industry nurtured deceit.
Here’s the narrative we’ve heard about the mortgage meltdown: miscalculation and unfounded optimism, clueless investors, cash-strapped home buyers clobbered by rate resets. But there’s one piece of the mortgage-meltdown...