Day

May 16, 2009

Easy Money No More

Crash Victim: The Mortgage “Honor System” I thought I knew a lot about go-go mortgages. I had already written several articles about the explosive growth of liar’s loans, no-money-down loans, interest-only loans and other even more exotic mortgages. I had interviewed people with very modest incomes who had taken out big loans. Yet for all...
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