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  • Banks Using Leverage to Force Home Equity Repayments [View article]
    If "borrowers with strong credit" are the ones doing the refinancing then they are not "subprime" borrowers, are not the intended targets of bailout, and probably only took on an ARM in order to milk equity. They should be forced to clean up their second liens and outstanding balances in exchange for the consideration they're getting. At the end of it all they're getting to continue living in some of America's most exclusive or even luxurious housing in some of the most desirable locations. Privilege has its price...
    Mar 07 11:08 am |Rating: 0 0
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