Quote:
Originally Posted by MetaMan
I know how the slump happened. But the terms on some of these sub prime loans seems absolutely insane. It was nothing short of loan sharking.
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It amazes me that someone buying a $100k+ house did not put up the $200 to have a lawyer explain the terms to them. Or if they did it amazes me how many dipshits took the loan anyway.
Not all subprime mortgages went under so they actually helped millions of people get loans for homes.