Home -> Law Blog Directory -> Loan Modification Blogs -> Mortgage Lender Implode-o-Meter

Loan Modification

: Mortgage Lender Implode-o-Meter

Sub-Prime Mortgages and Harry the Snake

By Implode-Explode Heavy Industries

``Let's listen in as the Snake talks to Mr. and Mrs. Jones. The Joneses neighbors, the Smiths, whose income is the same as theirs, about $52,000 a year, just bought a house financed by Harry the Snake's bank. They were surprised; The Joneses didn't think their neighbors could afford a house, but there were the Smiths packing and getting ready to move. Can Mr. and Mrs. Jones afford to do the same thing? The Snake assures them they can.''

Full post as published by Mortgage Lender Implode-o-Meter on March 23, 2011 (boomark / email).