Relevant:
- Obama Finds No Easy Way To Buoy U.S. Homeowners Deep Underwater
- Loan Servicing Debacle: Berliner Gets Blunt
- Bank of America False Claims Case Is Yet Another Reason for Fannie Mae and Freddie Mac to Look to Principal Reductions
- Wells Fargo sends refunds to some FHA mortgage customers
- Dream of owning a home wakes up to reality
2008-12-14 — ml-implode.com
"The reality is that at the time most troubled loans were made, the borrowers really could afford it because everyone made $150k per year for the purposes of buying a home."
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