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REPORT ABUSIVE REPLY
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Message Subject
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Why the Housing Market Is Falling And How They Robbed All Of Us Without Putting Hands In Our Pockets
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Poster Handle
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Arch~Angel |
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Post Content
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Oh come on.
I was a subprime mortgage broker until a year ago, when I said "enough is enough, this is absolutely crazy!" and began looking into nursing schools.
Here is what the problem is:
PEOPLE USE THEIR HOME EQUITY FOR AN ATM MACHINE.
Quoting: KayExisting homeowners getting an equity loan is a tiny part of the problem. Its all the housing speculators getting loans they can't pay, and what the banks do with derivatives.
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