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More importantly, what primary rule change effectuated this debacle?

Posted by Ward-CA- on March 31, 2008 at 8:25 AM

In Reply to: i wonder if this has anything to do with why our business is booming ? posted by hard money lender on March 30, 2008 at 5:34 PM

I think the current bloom in foreclosures is primarily due to many, many lenders lending to many, many unqualified buyers. The fact that lots of parties on both sides profited immensely, is obvious.

But what made it all possible in the first place is less well known. Do you have an article on that topic?


-----Ward


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