Financial Trend Blog wrote an interesting post today on
Here’s a quick excerpt
I read this article today and wanted to share it regarding The Private Mortgage Industry’s Role in the Current Mortgage Crisis by Jack M. Guttentag The blame game for the development of the current mortgage crisis is now in full swing, and, with one exception, no major participant escapes unscathed: 1. Lenders and investment bankers drastically relaxed their underwriting standards in response to the euphoria associated with rapidly rising home prices during 2000-2006. They approved loans that

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