On Sat, Mar 8, 2008 at 6:58 PM, David B. Shemano <[EMAIL PROTECTED]> wrote: > The real estate bubble is a combination of a whole lot of things. However, > one contributing factor was the separation of loan origination from loan > collection. The originators had little interest in whether or not the loan > was ultimately repaid. Therefore, those who were critical of the > "discriminating" nature of the mortgage banker got their wish. >
There are two kinds of "discriminating" mortgage bankers. One kind only makes loans to those who are reasonably able to repay them. The other kind "red-lines" people based on ethnicity or zip-code because they are too lazy to go to the trouble of verifying each individual's credit-worthiness. I assume you don't support the second kind of "discriminating" mortgage broker. -raghu. _______________________________________________ pen-l mailing list [email protected] https://lists.csuchico.edu/mailman/listinfo/pen-l
