Relevant:
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- Beware the Escape Hatch in the New Mortgage Rules
- New Fannie Rule: "Bring Us Your Poor, Your Tired, Your Student-Loan-Debt-Overloaded..."
- Wachovia to Borrower- “Are You Sure You Understand the Pay Option ARM?â€
- Begging The Bank To Forgive Some Of The Mortgage On Your Primary Residence? Better Act Fast
2010-12-21 — housingdoom.com
"Here’s a question for you. If a lender gives a borrower a mortgage and the monthly payment on the loan is more than triple the borrower’s income, if the house goes into foreclosure, is it the borrower’s fault, or the lenders?"
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Comments:
mortgagemess at 11:16 2010-12-22 said:
It isn't just a question regarding the lender...it requires going back down the chain, the buyer, the realtor, the mortgage broker, the appraiser, the title company and more... Permalinkadd a comment | go to forum thread
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