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: Johnny_Blaze_420 who wrote (154944)	10/7/2008 1:04:50 PM
From: Neeka	Read Replies (1) of 306849

Got it.....wow! And it makes sense when you think about it. We had lenders who didn't care whether a person had a job. We had lenders who didn't give one thought to whether borrowers would even pay their monthly mortgage. We sure have had some pretty creative lenders out there. And such a deal! Wonder what would happen if borrowers......who have faithfully paid their mortgage insurance........decided it just isn't "fair?" After all, sub prime loans were developed to ensure "fairness" in the market place. I certainly can see why some borrowers would consider it "unfair".....................these sweet heart loans made to people who didn't even have to insure their loans. I could see why they'd ask....."where's the "fairness" in that?" and tell the bank to take a hike.

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