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Old 07-23-2008, 08:20 AM
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Dee8go Dee8go is offline
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Join Date: Apr 2006
Location: The People's Republic of Arlington, VA
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Quote:
Originally Posted by Howitzer View Post
They can't cry predatory lending, stated income, no doc, the loan they have is an FHA.........guess who's paying the insurance on that.
Maybe since WE, the tax payers have to foot the bill for this crap in the end, the local or state government should require that potential buyers get a license or pass a test before they can apply for a mortgage. You'd have to prove that you possess at least a rudimentary knowledge of personal finance and MIGHT be capable of handling such responsibilities.
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