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'Liar loans' threaten to prolong mortgage crisis (San Franc

 
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Mahanaim
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Joined: 23 Apr 2006
Posts: 3187
PostPosted: Tue Aug 19, 2008 10:56 pm    Post subject: 'Liar loans' threaten to prolong mortgage crisis (San Franc Reply with quote
In the mortgage industry, they are called "liar loans" _ mortgages approved without requiring proof of the borrower's income or assets. The worst of them earn the nickname "ninja loans," short for "no income, no job, and (no) assets." The nation's struggling...

[url=http://us.rd.yahoo.com/dailynews/rss/search/florida+home+loan+mortgage/SIG=13a1986ps/*http%3A//www.sfgate.com/cgi-bin/article.cgi?f=/n/a/2008/08/18/financial/f110341D85.DTL&feed=rss.business]Read more...[/url]
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