Talk of The Villages Florida - View Single Post - This is how our recession started
Thread: This is how our recession started
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Old 10-22-2015, 07:02 AM
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When the banks started "giving" money to unqualified borrowers the system began to head south.

No document loans.

Multiple loans allowing folks to buy multiple properties they would otherwise never qualify to get.

Barney Frank and associates keeping the bank doors wide open to the above and some we would shake our heads at hearing.

No mystery....money and housing to unqualified buyers and borrowers. No mystery at all....no matter how it is labeled.
And don't forget those home buyers who were willing to accept a mortgage they knew (or should have known) they could never afford. PERSONAL RESPOSIBILITY as opposed to "free stuff"