7/17/2008

Fed Approves New Rules For Mortgage Loans … Too Little Too Late

Filed under: Congress-Whacked,Federal Reserve-Whacked — 5:19 pm

Short article reminding everyone how heinous the sub-prime fiasco has been. They did not even escrow taxes or homeowners insurance, because it was ‘too much extra paperwork… I remember having all of my financial records verified and having a mandatory 20% down payment as SOP, how on earth did these rules get changed…

Fed Approves New Rules For Mortgage Loans … Too Little Too Late

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