View single post by Bama46
 Posted: Thu Sep 18th, 2008 06:41 pm
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Bama46
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excellent analysis

One more observation...lenders were required by the feds to make loans to folks who were absolutely unable to pay it back... Now before someone starts hollerin "foul"... people who refinanced their homes over and over again taking out equity for playthings to the point they owe ore than the property is worth, are just as unable to pay back their mortages as are those who never had the income to qualify for a mortage in the first place absent the "creative lending"

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