Valparaiso Law-Prof. Alan White-U.S. mortgage crisis history

[aviomaster]

@MYUproductions -- IF you pay your mortgage YOU are not homeowner that is a good one ,

But do not blame THE PEOPLE for the mortgage crisis blame Federal Reserve or Central bank of USA for lowering interest rates and for removing landing standards.

[MYUproductions]

Whaaat? The reason people chose subprime loans over prime loans is the same reason they chose subprime loans over FHA -- because there is no mortgage insurance over 80% LTV.

Every borrower, even during the "boom" was given an option of the higher, less risky mortgage loan or the cheaper (no insurance and sometimes lower rate ARM or interest-only ARM loans) loan.

Everyone wanted what was cheapest in the immediate.

And remember everyone -- IF YOU HAVE A MORTGAGE YOU ARE NOT A HOMEOWNER

[AmeroKerato]

Search LaRouche firewall. SAVE YOUR HOMES.