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`Liar loans' atop next wave of foreclosures

 
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Dabareh
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Joined: 12 May 2006
Posts: 9355
PostPosted: Mon Aug 18, 2008 10:52 pm    Post subject: `Liar loans' atop next wave of foreclosures Reply with quote
In the mortgage industry, they are called "liar loans" - mortgages approved without requiring proof of the borrower's income or assets.

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