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Bankruptcy

: The Debt Podcast

State must regulate brokers of sub prime mortgages

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For every subprime loan, made to a borrower who could never realistically hope to repay the debt, there is a mortgage broker with a license from the state. The states must investigate how supposed professionals urged on their clients ruinous loans that have lead to the foreclosure explosion. As we watch waves of foreclosures, investigation [...]

Full post as published by The Debt Podcast on January 12, 2008 (boomark / email).

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