Relevant:
- Bank of America Offers Principal Reductions to 200,000 Homeowners
- Beware the Escape Hatch in the New Mortgage Rules
- New Fannie Rule: "Bring Us Your Poor, Your Tired, Your Student-Loan-Debt-Overloaded..."
- Wachovia to Borrower- “Are You Sure You Understand the Pay Option ARM?â€
- Begging The Bank To Forgive Some Of The Mortgage On Your Primary Residence? Better Act Fast
2010-12-21 — housingdoom.com
"Here’s a question for you. If a lender gives a borrower a mortgage and the monthly payment on the loan is more than triple the borrower’s income, if the house goes into foreclosure, is it the borrower’s fault, or the lenders?"
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