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Records show White House refused to stop bad loans long before crash
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MrsRJP
Happy Spring!!!
Member since 12/07 2151 total posts
Name:
Rena Marie
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Records show White House refused to stop bad loans long before crash
Now I don't know what to think of Bush. 
Records show White House refused to stop bad loans.
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Posted 12/1/08 12:38 PM  |
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youngmama
LIF Adolescent
Member since 4/06 530 total posts
Name:
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Re: Records show White House refused to stop bad loans long before crash
Doesnt surprise me
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| Posted 12/1/08 12:43 PM |
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Mommy2Boys
My Boys!!!!
Member since 6/06 14437 total posts
Name:
C
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Re: Records show White House refused to stop bad loans long before crash
Well Bush was the one who pushed for mortgage companies to lend these loans b/c everyone should be able to own a home  Great idea...unfortunately the truth is, not everyone who bought a home could afford the one they bought which is why we are in this housing mess.
ETA: I worked for Countrywide for a few years. Not only did loan officers make more $$$ for closing a loan with a minority or "lower" income person, our office had to come in with a certain numbers each month of these types of loans.
Honestly, some of these people couldnt afford a car let alone a house. And you wouldnt believe the lying that went into closing these loans from the customer and from the loan officer. They magically made the number work.
Message edited 12/1/2008 2:01:57 PM.
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| Posted 12/1/08 1:59 PM |
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