Quote:
Originally Posted by donquixote99
If you do crap underwriting you get bad debt. Doesn't take exactly 40 years in the banking business to figure that out. No one would do that unless they figured they could unload the debt quick. So, filthy dirty hands for the originator, and the debt is dirty from day 1. It became a toxic hot potato that one could make big money from, unless one became the holder who couldn't unload.
And all this sharp practice is the fault of Joe Schmoe who was bedazzled by a HOUSE with No Money Down and No Interest Until Later?
Gotta love how the criminal con artist mind works.
|
And there it is.
Sent from my SM-N900V using Tapatalk