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'Liar loans' threaten to prolong mortgage crisis (Washingto

 
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Mahanaim
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Joined: 23 Apr 2006
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PostPosted: Tue Aug 19, 2008 10:56 pm    Post subject: 'Liar loans' threaten to prolong mortgage crisis (Washingto 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."

[url=http://us.rd.yahoo.com/dailynews/rss/search/florida+home+loan+mortgage/SIG=12oodb633/*http%3A//www.washingtonpost.com/wp-dyn/content/article/2008/08/18/AR2008081801285.html]Read more...[/url]
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