Quote:
Originally Posted by t walgamuth
I fail to see how folks wanting to own a home is greedy.
And I fail to see any evidence of politicians forcing lenders to loan.
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I did not say that the desire to own a home was greedy. I did say that part of the problem was people buying houses who did not qualify (using traditional guidelines). Those traditional guidelines existed for a reason--experience had shown that certain income levels are required to make the payments. ( It is also true that sometimes those guidelines were used for other reasons...)
If you are not aware of the political pressure put on lenders to make loans to unqualified people, then I cannot help you. It was pretty obvious. The whole Freddie/Fanny thing.