Lenders Put the Lies in Liar’s Loans and Bear the Principal Moral Culpability

Tips and Deals Forums Buying Your Home Buying a Home in Los Angeles Lenders Put the Lies in Liar’s Loans and Bear the Principal Moral Culpability

This topic contains 0 replies, has 1 voice, and was last updated by  Anonymous 7 years, 8 months ago.

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    Anonymous

    a little heady for the early morning but quite the detailed argument from “economic perspectives” blog

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    “By 2006, half of all loans called “subprime” were also liar’s loans. Roughly one-third of all home loans made in 2006 were liar’s loans. The crisis was originally called a “subprime” crisis, but it was always a liar’s loan crisis.

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