Follow along with the video below to see how to install our site as a web app on your home screen.
Note: This feature currently requires accessing the site using the built-in Safari browser.
It was stupid to push people by telling them homeownership is the American dream.
However, the banks are the ones that lent to people without checking or caring about their ability to repay the loans.
No Income No Asset - Wikipedia, the free encyclopediaIt was stupid to push people by telling them homeownership is the American dream.
However, the banks are the ones that lent to people without checking or caring about their ability to repay the loans.
Please show me the policy that made it OK to lend to people without checking their ability to repay the loan. I worked in that business for 9 years. I dont care how loose things got, everyone looked at the 3Cs.
Again, you are confusing reality with what you hear on the TV and radio.
No Income No Asset - Wikipedia, the free encyclopediaIt was stupid to push people by telling them homeownership is the American dream.
However, the banks are the ones that lent to people without checking or caring about their ability to repay the loans.
Please show me the policy that made it OK to lend to people without checking their ability to repay the loan. I worked in that business for 9 years. I dont care how loose things got, everyone looked at the 3Cs.
Again, you are confusing reality with what you hear on the TV and radio.
Subprime mortgage crisis - Wikipedia, the free encyclopedia
No Income No Asset - Wikipedia, the free encyclopediaIt was stupid to push people by telling them homeownership is the American dream.
However, the banks are the ones that lent to people without checking or caring about their ability to repay the loans.
Please show me the policy that made it OK to lend to people without checking their ability to repay the loan. I worked in that business for 9 years. I dont care how loose things got, everyone looked at the 3Cs.
Again, you are confusing reality with what you hear on the TV and radio.
Subprime mortgage crisis - Wikipedia, the free encyclopedia
Because they could (and did) dump any bad loans on Fannie Mae. Banks were hungrily responding to government incentives to make bad loans.However, the banks are the ones that lent to people without checking or caring about their ability to repay the loans.
Uh huh...you're an idiot, no offense.No Income No Asset - Wikipedia, the free encyclopediaPlease show me the policy that made it OK to lend to people without checking their ability to repay the loan. I worked in that business for 9 years. I dont care how loose things got, everyone looked at the 3Cs.
Again, you are confusing reality with what you hear on the TV and radio.
Subprime mortgage crisis - Wikipedia, the free encyclopedia
I wrote plenty of no-income no-asset loans. For those loans we looked hard at credit and at the asset and how much they were putting down. The thought was that people with years of excellent credit history were obviously making enough money to cover their bills. How they did it wasn't our problem. And if they did crap out the amount of money they were putting down made it hard for them to walk away and more likely the bank would come out OK.
Again, your ignorance of the subject is enormous. Not your fault but there you have it.
Nope...as long as they could sell the loans they were happy enough to make them.Because they could (and did) dump any bad loans on Fannie Mae. Banks were hungrily responding to government incentives to make bad loans.However, the banks are the ones that lent to people without checking or caring about their ability to repay the loans.
In a world without Fannie Mae, banks would've avoided such risky practices.
Uh huh...you're an idiot, no offense.
I wrote plenty of no-income no-asset loans. For those loans we looked hard at credit and at the asset and how much they were putting down. The thought was that people with years of excellent credit history were obviously making enough money to cover their bills. How they did it wasn't our problem. And if they did crap out the amount of money they were putting down made it hard for them to walk away and more likely the bank would come out OK.
Again, your ignorance of the subject is enormous. Not your fault but there you have it.
oh...right...nine years in the mortgage industry and you never heard of NINAs and I'm supposed to take you seriously.Uh huh...you're an idiot, no offense.I wrote plenty of no-income no-asset loans. For those loans we looked hard at credit and at the asset and how much they were putting down. The thought was that people with years of excellent credit history were obviously making enough money to cover their bills. How they did it wasn't our problem. And if they did crap out the amount of money they were putting down made it hard for them to walk away and more likely the bank would come out OK.
Again, your ignorance of the subject is enormous. Not your fault but there you have it.
I'm sorry. My knowledge stems from 9 years work in the mortgage industry. Yours stems from 30 seconds reading a Wiki entry. I'll leave it to others to judge which of us is posting from superior knowledge.
oh...right...nine years in the mortgage industry and you never heard of NINAs and I'm supposed to take you seriously.Uh huh...you're an idiot, no offense.
I'm sorry. My knowledge stems from 9 years work in the mortgage industry. Yours stems from 30 seconds reading a Wiki entry. I'll leave it to others to judge which of us is posting from superior knowledge.
Are you suggesting that banks cannot exist without paternal bureaucrats to oversee them? I was taking you seriously until this last post.Nope...as long as they could sell the loans they were happy enough to make them.
