The Residential Real Estate Crash Index Message Board

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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: saveslivesbyday who wrote (123818)	5/18/2008 5:35:16 PM
From: Jim McMannis	Read Replies (1) of 306849

$1M mortgage mess: No English? No income? No problem! How a single mother in public housing got a million in mortgages bostonherald.com E-mail Printable (15) Comments Text size Share (5) Rate During the frenzied days of no-down-payment loans and cursory credit checks in the early 2000s, two out-of-state lenders gave more than $1 million in mortgages to a Dorchester woman who lives in public housing and barely speaks English, the Herald has learned. The loans, originated by New Jersey-based Equity One Inc. and the now-defunct Meritage Mortgage Corp., foreclosed last year, making 243-245 Washington St. and 16 Dacia St. among the 233 foreclosures to hit Dorchester in 2007, city and land records show

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