What exactly happened to responsible lending in this country?
You know, the theory that those in charge were responsible to protect the welfare of those who dreamed of owning homes they couldn’t afford.
As opposed to exploiting those same dreams, of course.
2.8 million foreclosures in 2009.
Over 3 million more expected in 2010.
Thank you for the first fact based answer, Pfo.
how do banks make money off of lending and then foreclosures?
and which do they make the most from and how?
please explain.
btw, what is your opinion on the acts past by governments that give "aid" somehow..how has this benefited banks or people who are in trouble of foreclosures?
has this always been the case?
also, please explain.
btw, which area of world are you and how is situation there now regarding this issue? and how do you think it will improve or not? why and how so?
How Mortgage Lending Became An “American Casino”
Hearing on Predatory Lending: Kucinich Opening Statement
What do you think is going to happen to lending with so many people defaulting on loans?
With so many people having financial problems right now, such as foreclosures and bankruptcies, what is the lending going to be like? The banks are not going to be able to process any loans due to so many people having bad credit. Am I wrong?
How do banks make money off of lending and then foreclosures?
and which do they make the most from and how?
please explain.
btw, what is your opinion on the acts past by governments that give "aid" somehow..how has this benefited banks or people who are in trouble of foreclosures?
has this always been the case?
also, please explain.
btw, which area of world are you and how is situation there now regarding this issue? and how do you think it will improve or not? why and how so?
Commercial hard money lending in Irwindale California
Commercial hard money lending in Hermosa Beach California
Hearing on Predatory Lending: Cuyahoga County Treasurer
What banks were NOT involved in subprime lending, & are strong enough to withstand pressures of foreclosures?
Do you know where I can find a list of banks that were not involved in subprime lending fiascos? Thanks
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