negitive equity

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The Role of the Mortgage Broker

At the end of the day all the brokers did was match-up the borrower with the loan product they wanted. During that time borrowers didn't care about the loans they got, investors didn't care if the loan file was a complete work of fiction, and rating companies just cashed the checks. Everybody got what they wanted, but nobody understood what they got.

By | 2010-05-26T09:23:55+00:00 May 26th, 2010|What the Hell Happened?|0 Comments