The Economy and No Doc Loans

[VtSteve]

Originally Posted by Just Sold

This lakes region homeowner's problem is all too typical of what has happened to many homeowners here in the Lakes Region and elsewhere in NH.

Too many people were allowed to do No-Doc mortgages with very easy application process and now we are all paying for the bank and mortgage industries greed.

http://www.fosters.com/apps/pbcs.dll...=2010704079878

I can almost quote from memory every speech and policy I've heard on this very subject since 2001. AARGH.