Home » Mortgage Loan » Why did banks and Mortgage companies give loans to people without checking thir ability to pay them back?
Why did banks and Mortgage companies give loans to people without checking thir ability to pay them back?
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No doc loans? Home loans that do not include taxes or Insurance given to people who have NEVER held a job in their life? Why did they do it?
If we as a nation refused to bail out… the mortgage crisis? I mean, the reason why this economic mess and prolonged recession started was because a handful of banks gave out bad loans to customers who couldn't pay off their mortgages anyway, correct?…What is the point of giving loans to… I mean why do some credit cards companies give loans to people who wont be able to pay it in a reasonable amount of time and might just declare banckruptcy. I know when it comes…Mortgage and deferred loans I am still in the saving process for my down payment and weighing my options on if I will be doing an FHA loan or just go about it the "regular" way whatver that means…
