"Liar Loans" Threaten To Prolong Mortgage Crisis

Blue Zoo,



Here's the problem. For years we've been told about the six c's of credit. Character, capacity to pay, collateral, conditions etc. Now, we find out these liars have been making loans and telling people that they don't have to worry. The borrowers wanted to trust and believe their broker and they accepted these sub-prime loans. Now all of America has a problem.
About Housing Crisis
Read the Article at HuffingtonPost