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  • Countrywide: The Lender Who Helped People Save Their Homes [View article]
    outback:
    I agree. Like saying there "is" a "free lunch."
    I believe the vast majority of the really bad deals resulting in defaults were either (1) no-money-down property "flippers" gambling on price increases, and (2) those who should obviously have never obtained loans, and should have remained renters. I have read some of the sob stories, and many do not deserve sympathy. Those who really deserve help are few, IMO. That does not show up in the huge numbers reported by a liberal press, which has a mantra that there should never be consequences for bad decisions, if you can find private or government funds for a bailout. (Illegal immigration is another good example.)
    CFC is acting in their own self interest with this program.
    Oct 25 12:12 pm |Rating: +1 0
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