The Housing Bubble
Hat tip to Gerard Van der Leun at
American Digest for the link to this fascinating blog:
Another F@cked Borrower
From the website:
This Blog is the work of a mortgage 'insider' that is dedicated to educating people with real information on how-not-to-become Another F@CKED BORROWER!! Many of these people had NO business getting a mortgage...but lax underwriting standards, low interest rates, stated income, interest only loans, option-ARMS, neg-am's, 125% financing, no doc loans, and more, made this froth/bubble/bubblette or whatever you want to call it, possible. Now lets have a look at ANOTHER F@CKED BORROWER!
Great writing and a fascinating inside look at the mortgage industry.
Posted by DaveH at December 18, 2005 1:33 PM