Quote:
Originally Posted by Amber Lamps
Then there's the argument that mortgage lenders were coerced by the govt into writing loans to the poor in another misguided attempt to be "fair"....
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There seems to have been a bit of that, but they were giving out "stated income" (tell the lender your income, no documentation required) loans for over 100% of the purchase price of a house to anyone and everyone. That is stupidity, not government intervention.