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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?


To: Dan3 who wrote (68473)12/11/2006 7:06:37 AM
From: TradeliteRead Replies (1) | Respond to of 306849
 
<< the mortgage industry was regulated to limit first mortgages against owner occupied homes to amounts that were reasonably likely to be repaid. >>

Funny thing about that.......I've always tried to teach my kids to stay out of unmanageable debt on their own volition. I didn't know we needed the mortgage industry to regulate this and teach the lesson we all should have learned a long time ago.