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Loan Modification
: Mortgage Lender Implode-o-MeterBuilding the next subprime crisis
By Implode-Explode Heavy Industries
President Obama and Democrats in Congress haven't moved to stop subprime lending -- they've just taken it over.
They've created a federal subprime-lending monopoly by seizing control of the financial apparatus -- Fannie Mae, Freddie Mac and the Federal Housing Administration -- and lending 100 percent of the home price to borrowers who can't afford it.
Full post as published by Mortgage Lender Implode-o-Meter on September 28, 2010 (boomark / email).
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