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Old 01-27-2012, 09:52 PM   #11
goof2
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Quote:
Originally Posted by Amber Lamps View Post
Then there's the argument that mortgage lenders were coerced by the govt into writing loans to the poor in another misguided attempt to be "fair"....
There seems to have been a bit of that, but they were giving out "stated income" (tell the lender your income, no documentation required) loans for over 100% of the purchase price of a house to anyone and everyone. That is stupidity, not government intervention.
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